Answer: Whether the fear of bank failures caused the Depression or the Depression caused banks to fail, the result was the same for people who had their life savings in the banks – they lost their money.
explanation: If a bank failed, you lost the money you had in the bank.
<span>Lincoln was threatened by Maryland dues to its close proximity to Washington DC.
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When government borrows money from citizens, they would
return this money back to the person the same way a bank would. They would give it in the form of bonds that can
be sold to speculators. Problem is that it would be sold at a lower value.
