zachurylapoczka
Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

what is shaky banking during the great depression ​

Sagot :

Another phenomenon that compounded the nation's economic woes during the Great Depression was a wave of banking panics or “bank runs,” during which large numbers of anxious people withdrew their deposits in cash, forcing banks to liquidate loans and often leading to bank failure.
SRKSlime
Meaning the vast majority of American bankers followed established banking practices, but with no government regulation of the banking system, some bankers invested depositors’ money in shaky investments
Banks also lent consumers more than they could afford to repay
This vest over extension of credit made the entire U.S. economy extremely vulnerable
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.