Throughout the 1930's over 9,000 banks failed
I am unsure of how many failed in just 1929, but throught out the 1930's over 9,000 banks failed.
Over 25,568 banks failed between 1921 and 1933. Thousands of other businesses also ran into trouble
many people could not deposit money out of their own savings because many banks failed, and many people could not support themselves.
The FDIC maintains a list of all failed banks. If you go to http://www.fdic.gov/bank/individual/failed/banklist.html you can find a list of every bank failure in the previous ten years.
Bank loans used in speculative stock purchases could not be repaided
I am unsure of how many failed in just 1929, but throught out the 1930's over 9,000 banks failed.
Over 25,568 banks failed between 1921 and 1933. Thousands of other businesses also ran into trouble
In 1989 206 banks failed
America had 2,103 banks in 1929
The depression ended it in October of 1929. The stock market crashed, banks failed, and people were out of work.
The Great Depression was a period when the banks failed. It happened after World War I. The Stock Market collapsed in 1929.
The Great Depression was a period when the banks failed. It happened after World War I. The stock market collapsed in 1929.
8.2 thousand
During the 1920s about 70 banks were failing each year in the United States.All together, 9,000 banks failed during the 1930s.$140,000,000,000 disappeared do to bank failure.
800
There is not an exact number of how many businesses failed during this time. However, during 1932 it is estimated that over 20,000 businesses failed.
lack of money