11. How did the stock market crash of 1929 lead to an increase in bank failures in the early 1930s?

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24-01-2020
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11. How did the stock market crash of 1929 lead to an increase in bank failures in the early 1930s?

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Sarith Sarith · Answer 1 · 2020-01-24T23:18:42+01:00

Sarith Sarith

24-01-2020

The stock market cash led many people to withdraw their deposits/take out loans from the banks. And because people could not pay the banks back for this, it ultimately lead to banks not having enough money to function.

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