How was the US affected by the worldwide economic depression?

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US banks slashed domestic lending.

Businesses collapsed

The US banking system collapsed.

All of the above

answer is D.

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Detailed Solution

Due to the worldwide economic depression, the US banks slashed domestic lending, and businesses and the US banking system collapsed.
In response to the price decline and the potential for depression, US banks had likewise reduced domestic lending and called loans. Households were destroyed, businesses failed, and farms could not sell their harvests. Many US households were forced to give up their homes, vehicles, and other consumer durables because they could not fulfill their debts due to declining salaries. People traveled great distances in search of employment as the unemployment rate rose. The US banking system eventually failed.

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