How did The start of the Great Depression negatively impact those who Saved money during the 1920’s

History

1 answer:

True [87]2 years ago

3 0

Answer:

Bank failures during the Great Depression were partly driven by fear, as panicked savers began withdrawing cash before expected bank failures. As more cash was taken out, banks had to stop lending and many called in loans. This drove borrowers to deplete their savings, which made the banks' cash crisis worse.

Explanation:

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