Answer:
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.
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Causes of the Great Depression
The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion. ...
Banking panics and monetary contraction. ...
The gold standard. ...
Decreased international lending and tariffs.
