After the stock market crash, what happened to America's banking sector?
It thrived as people transferred stock profits into savings accounts.
It profited as the Federal Reserve limited the money supply.
It collapsed as frightened depositors raced to withdraw their money.
It went broke as a result of lending to investors recovering from the crash.
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Home » History » After the stock market crash, what happened to America's banking sector? It thrived as people transferred stock profits into savings accounts. It profited as the Federal Reserve limited the money supply.