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Banking During The Great Depression Essay

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Banking During the Great Depression
As a banker during the early years of the Great Depression, my everyday life would have been extremely challenging. The stock market crash of 1929 had a significant impact on the banking industry, and many banks were forced to close their doors due to a lack of liquidity.
If my bank had managed to survive the initial shock of the crash, we would have still faced numerous difficulties. Some difficulties would include, “Customers who had borrowed money to invest in the stock market would have been unable to repay their loans, causing significant losses for the bank” (Richardson). Furthermore, many depositors would have become worried about the safety of their money, leading to a run on the bank.
To make ends
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