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bagirrra123 [75]
3 years ago
15

Why were bank failures common during the Depression?

History
1 answer:
Lera25 [3.4K]3 years ago
4 0
Another phenomenon that compounded the nation's economic woes during the Great Depression was a wave of 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.Apr 23, 2010
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