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Which of the following are true? Question 19 options: The Federal Reserve inflated a massive stock market and debt bubble in the Roaring 20s by
Which of the following are true? Question 19 options: The Federal Reserve inflated a massive stock market and debt bubble in the "Roaring 20s" by keeping interest rates too low The Fed tried to fix the mistake by aggressively raising interest rates, but this led to the market crash in October 1929 and subsequent recession All of the above choices are correct A widespread loss of confidence in the banking system led to massive bank runs in which consumers withdrew their money from banks and essentially hid the money under their mattress, effectively taking currency out of circulation
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