What law was passed by Congress to prevent financial panics?

History

1 answer:

AfilCa [17]3 years ago

5 0

Answer:

Explanation:

In 1929, after an extended period of financial boom, prices on the U.S. stock market crashed, leading to the Great Depression of the 1930s. Savings disappeared overnight, and many banks ran out of cash on hand as consumers raced to the banks to retrieve their money. The resulting economic depression lasted until the beginning of World War II.

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