Banks During The Great Depression

The Great Depression was the longest-lasting and most sever depression experienced by the Industrialized western world. It all began on October of 1929, when the stock market crashed. This caused the Wall Street to start to panic and even wiped out many investors as they began to dump all of the shares that they had owned (History.com). People however were not just getting rid of all of their stocks, but they were also starting to become unemployed. This was because many businesses could not afford to pay all of their workers when the banks started to close. The banks had to start closing because a lot of the money that they had was invested into the stock market to help them make more money. But with the unexpected crash, they had lost most