Economic Problems 1931-1932

1. The unemployment rate rose sharply.
2. Americans deeply in debt could not pay back their loans.
3.
4. People and businesses lost their savings.

Which item should be number three on the list above?
a.
People in debt bought risky stocks with the money they had left.
b.
Con men tricked Americans with a wide variety of schemes.
c.
Banks began to lose so much money that they had to close.
d.
Foreign countries opened banks in the U. S.

Please select the best answer from the choices provided.