It happened to be the deepest and longest lasting ‘economic’ downturn in history. Bank failures were one out of the few reasons the Great Depression occurred. “The Fed’s mismanagement also led to the Great Depression,” (Investipedia.com). Saving and account were erased accidentally in banks of those who weren’t invested in stock markets. Basically, everyone’s hard work went to waste. By March 1930, “More than
It happened to be the deepest and longest lasting ‘economic’ downturn in history. Bank failures were one out of the few reasons the Great Depression occurred. “The Fed’s mismanagement also led to the Great Depression,” (Investipedia.com). Saving and account were erased accidentally in banks of those who weren’t invested in stock markets. Basically, everyone’s hard work went to waste. By March 1930, “More than