95.9k views
1 vote
How did the stock market collapse affect banks

1 Answer

3 votes
During the Great Depression in the United States, when the stock market collapsed due to over-speculation, the banks were quickly "stormed" by people wanting to take out their savings--and since the banks couldn't match this demand all at once, many were forced to close. 
User Asare
by
7.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.