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  • 11-12-2020
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 How did bank runs/bank failures contribute to the Great Depression?

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alexandra2008r
alexandra2008r alexandra2008r
  • 11-12-2020

Answer:

Explanation:

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.A

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