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Bank Closures During the Great Depression

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Chris Lisica

on 26 April 2010

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Transcript of Bank Closures During the Great Depression

Bank Closures Less money in circulation Businesses tried to lower prices, but eventually fired workers title By 1932, 13 million became Unemployed and by early next year 9,000 banks closed 140 billion dollars of depositers money disappeared by: Chris Lisica The modern American dream is to have an
easy, happy, and stress free life. Banks invested in the stock market, so when it crashed the banks lost money.
Some states had bank holidays to stop people from withdrawing money, but this casued more banks to fail. When banks started to closed more people tried to withdraw their money which caused even more banks to close. This caused people to want to withdraw their money before their banks closed.
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