3 Multiple Choice 10 points Why did banks fall during the Great Depression? Too many people attempted to withdraw money. The U.S. didn't have enough money. The government stopped supporting people. People made bad investments Multiple Answer 10 points How did some tariffs add to the decline of the economy during the Great Depression? Imports became too expensive D Businesses closed down D Farmers became rich US. Exportrate dropped

## Step 1<br />The first question asks why banks fell during the Great Depression. The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The most accurate answer is that too many people attempted to withdraw money. This is known as a bank run, where a large number of customers, who are worried about the bank's solvency, withdraw their deposits simultaneously. This can lead to the bank's collapse.<br /><br />## Step 2<br />The second question asks how some tariffs added to the decline of the economy during the Great Depression. Tariffs are taxes on imported goods. During the Great Depression, the U.S. government imposed high tariffs on imported goods to protect American industries. However, this led to a decrease in international trade, which in turn led to a drop in the U.S. export rate. This is because other countries retaliated with their own tariffs, making U.S. goods more expensive and less competitive in the international market. This led to a decline in the U.S. economy.