What was the bank run 1930 and what are some of the reasons it happened? What were the effects of the bank crisis in the U.S on

Question

zimovet [89]

2 years ago

9

What was the bank run 1930 and what are some of the reasons it happened? What were the effects of the bank crisis in the U.S on

international political?

History

1 answer:

Troyanec [42] · Answer 1 · 2022-01-12T12:20:27+03:00

Answer:

The bank run occurred because the stock market crashed and investors wanted immediate access to their liquid cash. This was not possible because many banks had invested heavily in the stock market and were not required to keep large sums of money on hand. Nor were the deposits of investors insured, so much of the liquid cash was gone. This situation led to great instability in domestic and international markets

Explanation: The Great Depression witnessed the collapse of the capitalist system as we know it.