1929
The Great Depression was the worst economic downturn in US history. It began in 1929 and did not abate until the end of the 1930s. The stock market crash of October 1929 signaled the beginning of the Great Depression. By 1933, unemployment was at 25 percent and more than 5,000 banks had gone out of business.
True or false, is it a question, statement???
.4333 as a fraction would give you <span><span>4333/10000</span></span>
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.
