Effects on Banking from the Great depression
- Created by: Trixie3663
- Created on: 19-01-23 19:25
View mindmap
- Causes
- Run on the banks meant that too many customers tried to with draw funds at the same time
- Impacts on Banking
- Effect
- 9000 banks closed between 1930-1933
- Untitled
- Effect
- Banks did not have enough Liquidity (ready cash) to cope with this
Comments
No comments have yet been made