1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
agasfer [191]
3 years ago
11

What was the biggest commonality for all of the banking crises of the 20th and 21st centuries?

History
1 answer:
defon3 years ago
4 0

Answer:

Banking panics, which is the basis for financial crises and banking crises of 20th and 21st centuries.

Explanation:

A banking panic is a financial term often referred to as bank panic, it describes a financial crisis that occurs as a result of many bank customers suddenly wanting to convert their threatened deposits into cash or totally withdraw all their cash deposit out of their domestic banking system altogether.

Unlike Bank run that affect single bank, bank panic affects many banks together, thereby leading to systemic banking crises, in which a country experiences many defaults, hence, many financial institutions and corporations face great difficulties repaying contracts

Hence, due to economic recession that occurred in the 20th century and recently occurred in 21st century, bank panic has been the resulting effects, leading to major financial banking crises.

You might be interested in
The bureau of Indian Affairs was organized in 1824 as part of the
Maksim231197 [3]
The bureau of Indian Affairs was organized in 1824 as part of the "Department of War," since prior to this organization the military had been the go-to organization for dealing with Indian issues. 
7 0
3 years ago
Rudolf virchow is what is he a physiologist or what else?
Komok [63]

Answer: D. Rudolph Virchow (1821-1902) was a German physician, anthropologist, politician and social reformer, but he is best known as the founder of the field of cellular pathology. He stressed that most of the diseases of mankind could be understood in terms of the dysfunction of cells

hope this helps :D

3 0
3 years ago
Using the following words, write sentences that describe settlers traveling on the Oregon trail. Manifest destiny, emigrant, and
Nezavi [6.7K]
I need more details please

4 0
3 years ago
Read 2 more answers
England faced which of the following in the upcoming fight against America?
dusya [7]

Answer:

The British thought the colonists should help pay for the cost of their own protection. Furthermore, the French and Indian War had cost the British treasury £70,000,000 and doubled their national debt to £140,000,000. Compared to this staggering sum, the colonists' debts were extremely light, as was their tax burden.

Explanation:

8 0
3 years ago
Read 2 more answers
Describe briefly 5 reasons for Westward Expansion?
tamaranim1 [39]
As it doubled the land area of the U.S., it also increased goods, services and wealth. Some advocates said that not only did the movement increase the size of the country, expanding to other countries and not just states, but it also added to farm lands needed to produce products and poultry.
3 0
3 years ago
Other questions:
  • Which of these were entertainers such as singers, tumblers, jugglers, clowns, or storytellers who wandered about europe during t
    5·1 answer
  • What was the experience of Jewish people under Persian rule?
    14·2 answers
  • When did the arms race between the US and soviet union
    5·1 answer
  • Give Me 3 Facts on Harriet Tubman But If you like you can add more :) Thank you 71 points
    12·2 answers
  • Which ideas of the European Enlightenment were most influential to the American
    6·1 answer
  • Republicanism is best defined as which of the following
    11·2 answers
  • In the treaty of Paris Great Britain
    9·1 answer
  • Where were the British colonies located
    12·2 answers
  • What did Justice Robert H. Jackson mean when he said "civilization cannot ... survive their being repeated"?
    15·1 answer
  • What was the Cultural Revolution?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!