Ask Question
2 January, 07:13

What was the bank run 1930 and what are some of the reasons it happened? What were the effects of the bank crisis in the U. S on international political?

+3
Answers (1)
  1. 2 January, 08:00
    0
    The bank run occurred because the stock market crashed and investors wanted immediate access to their liquid cash. This was not possible because many banks had invested heavily in the stock market and were not required to keep large sums of money on hand. Nor were the deposits of investors insured, so much of the liquid cash was gone. This situation led to great instability in domestic and international markets

    Explanation: The Great Depression witnessed the collapse of the capitalist system as we know it.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What was the bank run 1930 and what are some of the reasons it happened? What were the effects of the bank crisis in the U. S on ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers