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Bank run during the Great Depression in the United States, February 1933. A bank run is the sudden withdrawal of deposits of just one bank. A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as a cascading failure.
Till Time's Last Sand: A History of the Bank of England, 1694–2013. New York: Bloomsbury. pp. 320– 326. ISBN 978-1408868560. Sumner, Scott (2015). The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression. Oakland, CA: Independent Institute. pp. 66– 71. ISBN 978-1598131505
Many bank runs occurred during the Great Depression. 1970s. In 1973, ... The resulting bank run was not the traditional form, ...
This bank run on the Bank of the United States was a result of the stock market collapse and was the precursor to several other bank runs, which then led to the Great Depression. What was the bank ...
For example, during the period of the Great Depression, there was a bank run when people saw that others were withdrawing mass sums of money. It began with many withdrawals at a bank in Tennessee ...
Beginning on February 14, 1933, Michigan, an industrial state that had been hit particularly hard by the Great Depression in the United States, declared an eight-day bank holiday. [1] Fears of other bank closures spread from state to state as people rushed to withdraw their deposits while they still could do so.
Bernanke, 68, examined the Great Depression of the 1930s when he was a professor at Stanford University, showing the danger of bank runs — when panicked people withdraw their savings — and how ...
Causes of the Great Depression - Wikipedia