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which was a direct result of bank failures in the 1920s and 1930s? unem…

Question

which was a direct result of bank failures in the 1920s and 1930s?
unemployment rose.
companies slowed production.
depositors lost their savings.
people could not pay back their loans.

Explanation:

Brief Explanations

Bank failures in the 1920s-1930s occurred when banks collapsed, and at the time, there was no widespread federal deposit insurance. When a bank failed, it could not return the money that depositors had placed in it, making the loss of savings an immediate, direct outcome. The other options are indirect or related but not direct results of the bank failures themselves.

Answer:

Depositors lost their savings.