The great depression American families and homes, millions of families lost millions of their savings as many banks collapsed in the 1930s
True! if you look at history.com, you'll be able to get greater detail
The correct answer is: Many Americans were scared that their bank was going to fail.
According to President Roosevelt, Bank runs were caused by many American who were scared that their bank was going to fail. The people were scared that Roosevelt would abandon the gold standards thus leading the increased bank runs. Citizens lost confidence in the American banking system thus rushed to withdraw their savings before bank runs made their banks bankrupt.
