English, asked by lalneihlimmolsom, 7 months ago

(d) How many American banks closed due to the impact of Great Depression . Answer in one sentence

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Answers

Answered by Ksvista
0

Answer:

1,000 U.S. banks closed.

Explanation:

Bankruptcies and defaults increased, which caused thousands of banks to fail. In each year from 1930 to 1933, more than 1,000 U.S. banks closed. Banking panics are pretty much a thing of the past, thanks to federal deposit insurance.

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