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Are commercial banks also closed on all stock market holidays?
To make it easy for there customers commercial banks and the stock market both close on the same major holidays. The Government makes the choice to close the stock market and the commercial banks have followed in their path to also close on the major holidays.
Why were banks one of the first institutions to the feel the effects of the stock market crash?
Frightened depositors feared for their money and tried to withdraw it from their banks.
Why were the banks one of the first institutions to feel the effects of the crash?
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.
What is the stock market crash seen as the beginning of?
If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.
Did the stock market crash after stock prices became overvalued?
true
What was a long term of the stock market crash?
Many banks closed.
Why did the stock market crash after banks closed?
Banks did not close after the Stock Market crash. The stock market crash was induced by the closure/failure of Banks.
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.
What was a long term affect of the stock market crash?
Many banks were closed
Why were banks one of the first institutions to feel the effects of stock market crash?
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.
Why were the banks one of the first institutions to feel the effects of the stock market crash?
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.
Are commercial banks also closed on all stock market holidays?
To make it easy for there customers commercial banks and the stock market both close on the same major holidays. The Government makes the choice to close the stock market and the commercial banks have followed in their path to also close on the major holidays.
What was a long-term effect of the stock -market crash?
Many banks were closed. The country entered into a depression.
What was long term effect of stock market crash?
Many banks were closed. The country entered into a depression.
Why were banks one of the first institutions to the feel the effects of the stock market crash?
Frightened depositors feared for their money and tried to withdraw it from their banks.
Why did stock market crash cause banks to fail?
People were worried that the Stock Market crash put their money at risk which made them rush to the bank to pull out all their money and it made the banks lose all their money and forced them to declare bankruptcy and many ended up crashing.
What describes what happened on black Friday?
The stock market crashed, banks closed, and millions lost everything they had in the crash.
