There was no insurance. That's why their depositors lost all their money. This was the motivation for the establishment of the FDIC.
what did so many banks close during the great depression
In the 10 years of the Great Depression 9,000 banks went under JUST in US.
120 days
The federal reserve banks did wellduring the depression due to regulations. The bank ended the depression
In the Great Depression, over 11,000 banks failed, and over one million family farms were lost.
10000
=The biggest change during the great depression was the way money is handled. The way money was handled was way different then it is now.=
they wanted better living conditions for the people. declaring that the depression had ended
Sears, Roebuck & Co. Even though it was in the Great Depression they understood that people needed to be insured. They wanted to look out for all of us. Just like their slogan, the people during the Great Depression were "In good hands".
He made Americans comfortable through the Great depression. He helped the banks during the great depression by making a national holiday where all the banks had to close down for four days and could ony re-open if they passed inspection.
Migration rose during the Great Depression.
Yes, there were bicycles during the great depression.