THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
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Why did so many banks fail during the Great Depression?
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Back then, banks had no deposits ____ they only made loans
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The banks had invested all their depositors’ money in the stock market
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The banks had used their depositors’ money to buy automobiles, radios, and other popular inventions.
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The bank had made risky loans that weren’t paid back
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Explanation:
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