which-sequence-of-events-best-summarizes-the-major-developments-in-the-us-bankin

Question

Which sequence of events best summarizes the major developments in the US banking system leading up to the financial crisis of 2007-2009?

Accepted Answer

Lack of regulation, creation of the Federal Reserve, Great Depression, Glass-Steagall Act, savings and loan crisis.

Answer

Creation of the Federal Reserve, deregulation, Great Depression, high inflation of the 1970s.

Answer

High inflation of the 1970s, savings and loan crisis, creation of the Federal Reserve, Great Depression.

Answer

Savings and loan crisis, Great Depression, creation of the Federal Reserve, Glass-Steagall Act.