By 1932 nearly 9,000 American banks had failed, plummeting the nation into the worst economic disaster in American history. What was the primary reason so many banks failed during the period?

A) Great Britain and France had failed to repay the loans taken out during the First World War.

B) Many Americans failed to save money during the decade due to consumer spending on luxury.

C) Widespread embezzlement and corruption in the banking industry had depleted bank reserves.

D) Many loans were made to individuals and businesses unable to repay such loans.

E) The Federal Reserve System relaxed its monetary policies to allow American businesses to prosper during the 1920s.

the hollywood film industry of 1950 was threatened on several different fronts. television broadcasting was rapidly becoming the dominant entertainment medium in the united states. the paramount anti-trust consent decree requiring separate ownership for production companies and theater chains had gone into effect on 1 january 1950. large numbers of young men and women were marrying, having children, and moving to the suburbs, which affected the viability of downtown first-run movie theaters. foreign revenues were endangered by protectionist tactics including quota systems, high taxes, and blocked funds. finally, the morality and patriotism of hollywood films and filmmakers were under attack from government, religious, and citizens' groups.

explanation:

i believe the correct answer is b.

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