In the 1980s, Bush proposed legislation to save the banking industry at a cost of A. millions of dollars.

B. billions of dollars.

C. thousands of dollars.

D. trillions of dollars.

Question

History

Freedom

18 February, 11:48

In the 1980s, Bush proposed legislation to save the banking industry at a cost of A. millions of dollars.

B. billions of dollars.

C. thousands of dollars.

D. trillions of dollars.

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Answers (1)

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Nash Gallegos · Answer 1

B. Billions of dollars.

Explanation:

Between the 1980s and the 1990s was a time that was known as the Savings and Loan (S&L) Crisis. The result of this crisis was a failure of almost a third of the 3,234 savings and loan associations in the United States between 1986 and 1995. There were declarations of bankruptcy by almost one in four savings and loan institutions of the United States. Some of these institutions took the option of scams in order to try to recover their capital.

In order to save the situation, Bush proposed legislation to save the banking industry at a cost of billions of dollars.

In the 1980s, Bush proposed legislation to save the banking industry at a cost of A. millions of dollars.B. billions of dollars.C. thousands of dollars.D. trillions of dollars.

In the 1980s, Bush proposed legislation to save the banking industry at a cost of A. millions of dollars.

B. billions of dollars.

C. thousands of dollars.

D. trillions of dollars.