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  • 19-01-2016
  • History
Answered

How did the stock market collapse affect banks

Verified Answer :

HistoryGuy HistoryGuy
  • 28-01-2016

During the Great Depression in the United States, when the stock market collapsed due to over-speculation, the banks were quickly "stormed" by people wanting to take out their savings--and since the banks couldn't match this demand all at once, many were forced to close.

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