Identifying Factors That Contributed to the Great Depression

According to Bernanke, which factors contributed to the

Great Depression? Check all that apply.

A) a decentralized decision-making structure

B) a lack of authority to make decisions

C) a failure to provide decision makers with necessary

tools

D) the establishment of the Open Market Investment

Committee

E) a consensus among Federal Reserve leaders

Correct Answers: The following contributed to the great depression:

B) a lack of authority to make decisions

A) a decentralized decision-making structure

C) a failure to provide decision makers with necessary tools

Explanation:

Great depression is the dark and severe economic challenges that occured which started in the United States of America in the 1930's. It lead to the collapse of stock market. Also, jobs were lost by people due to it with tax revenue, profits and prices of goods and services dropping drastically.