U.S. bank failures reached around 600 per year in the early 1930s because?

1 Answer
Sim W.
Apr 17, 2018

The 1929 crash

Explanation:

In October 1929 a giant crash occurred in Wall Street, this resulted in the worst economic ever undergone by the American people. Thousands of businesses and banks thus went bankrupt and it took more than ten years for the economy to recover.

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