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How was America’s weak banking system a major cause of the Great Depression?
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10 votes
How was America’s weak banking system a major cause of the
Great Depression?

User Jess Jacobs
by
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1 Answer

23 votes
23 votes

Answer:

Banks operated without guarantees to their customers, creating a climate of panic when times got tough.

Step-by-step explanation:

Few regulations were placed on banks and they lent money to those who speculated recklessly in stocks

User Vikash Chauhan
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3.2k points
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