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What day did the banks close during the Great Depression?
what did so many banks close during the great depression
How did the Great Depression effect the citizens?
The great depression effected the citizens when banks closed. As a result, people lost their jobs and busnesses were bankroped.
What was a long term effect of the stock market crash?
The long term effect of the Stock Market crash was followed by the Great Depression.
Did borrowers repay loans to closed banks during the Great Depression?
No not to the closed banks, however the debt is an "asset" it does not "die" with the bank, it moves to another business (which may have purchased the assets of the bankrupt bank). The debts would have to be paid to the new owner of the debt.
How many banks went bankrupt and closed their doors between 1930 and 1933?
Why? because of the Great Depression.
What day did the banks close during the Great Depression?
what did so many banks close during the great depression
How did the Great Depression effect the citizens?
The great depression effected the citizens when banks closed. As a result, people lost their jobs and busnesses were bankroped.
How many banks went under during the Great Depression?
In the 10 years of the Great Depression 9,000 banks went under JUST in US.
What was a long term effect of the stock market crash?
The long term effect of the Stock Market crash was followed by the Great Depression.
How did people change everyday life during the great depression?
lost money when banks closed; they couldn't find jobs and many resorted to eating out of garbage cans.
Did borrowers repay loans to closed banks during the Great Depression?
No not to the closed banks, however the debt is an "asset" it does not "die" with the bank, it moves to another business (which may have purchased the assets of the bankrupt bank). The debts would have to be paid to the new owner of the debt.
How many banks went bankrupt and closed their doors between 1930 and 1933?
Why? because of the Great Depression.
How did unemployment during the great depression effect everyday life?
people got laid off of their jobs, people were starving, millions of banks closed so workers didn't have jobs, and so on
How well did the Federal Reserve Banks perform during the Great Depression?
The federal reserve banks did wellduring the depression due to regulations. The bank ended the depression
How many businesses failed during Great Depression?
In the Great Depression, over 11,000 banks failed, and over one million family farms were lost.
How many banks failed in 3 years after the stock market during the great depression?
10000
What caused banks to close during the Great Depression?
As the economic depression deepened in the early 30s, and as farmers had less and less money to spend in town, banks began to fail at alarming rates. During the 20s, there was an average of 70 banks failing each year nationally. After the crash during the first 10 months of 1930, 744 banks failed - 10 times as many. In all, 9,000 banks 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.
