2 years ago

How did banks help to cause the Great Depression?

1 answer:

7 0

Answer:

banking panics or “bank runs,” during which large numbers of anxious people withdrew their deposits in cash, forcing banks to liquidate loans and often leading to bank failure.

~+. lil more info .+~

Causes of the Great Depression

The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion. ...

Banking panics and monetary contraction. ...

The gold standard. ...

Decreased international lending and tariffs.

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How did banks help to cause the Great Depression?​

How did banks help to cause the Great Depression?