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Question
what is one reason government intervention proved necessary during the great depression?
○ businesses wanted more government regulation.
○ voters demanded intervention.
○ bank failures and credit problems meant spiraling unemployment, home losses, and business failures.
○ european markets were booming and the united states needed to keep up.
During the Great Depression, bank failures led to a lack of credit. This caused businesses to fail as they couldn't get loans, leading to unemployment. People lost their homes as they couldn't pay mortgages. Government intervention was needed to address these interconnected economic issues.
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Bank failures and credit problems meant spiraling unemployment, home losses, and business failures.