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global economic problems
Many banks closed (apex)
Frightened depositors feared for their money and tried to withdraw it from their banks.
Banks were one of the first institutions to feel the effects of the Stock Market crash because people feared for their money and rushed to withdraw their savings.
If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.
The long term effect of the Stock Market crash was followed by the Great Depression.
Many banks were closed. The country entered into a depression.
Many banks were closed. The country entered into a depression.
Many banks closed.
The Great Depression.
Many banks were closed
Banks were one of the first institutions to feel the effects of the Stock Market crash because people feared for their money and rushed to withdraw their savings.
Banks were one of the first institutions to feel the effects of the Stock Market crash because people feared for their money and rushed to withdraw their savings.
The cascading effect of the stock market crash left one-third of the nation unemployed by 1932.
global economic problems
Banks did not close after the Stock Market crash. The stock market crash was induced by the closure/failure of Banks.
Many banks closed (apex)