Social Studies

Question

describe bank and business failures

1 Answer

  • After the crash during the first 10 months of 1930, 744 banks failed – 10 times as many. In all, 9,000banks failed during the decade of the 30s. It's estimated that 4,000 banks failed during the one year of 1933 alone. By 1933, depositors saw $140 billion disappear through bank failures.
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