Why? because of the Great Depression.
The long term effect of the Stock Market crash was followed by the Great Depression.
In USA, Veteran's Day is a federal holiday. All banks are closed.
As of September 11, 92 banks have been closed in 2009 and 25 in 2008.Since 2008 there are 117 bank fails happened in US.Track the bank failures at : http://portalseven.com/Failed-Banks-2009
15 000 out of 26 000
I am unsure of how many failed in just 1929, but throught out the 1930's over 9,000 banks failed.
Why? because of the Great Depression.
Yes, it is a Federal Holiday and all banks are closed.
Throughout the 1930's over 9,000 banks failed
Many people lost their jobs, banks where closed or bust, many people lost their money on the stock market crash, people where homeless, to name but a few of the problems from that time.
The Panic of 1873 closed the banks.
The Panic of 1873 closed the banks.
The long term effect of the Stock Market crash was followed by the Great Depression.
Many banks closed.
A large number of banks have closed/gone bankrupt since 2008. the figures are as follows: 1. 2008 - 25 banks 2. 2009 - 140 banks 3. 2010 - 157 banks 4. 2011 - 3 banks All these figures are for USA only
many busnissess closed in the 1930s because of the great depression
Yes, it is a Federal Holiday and all banks are closed.