November 29, 2015

Homework Help: History

Posted by tina on Thursday, March 8, 2007 at 10:30pm.

the stock market crash weakened the nation's banks because of what?

I THINK it is because people had borrowed money to buy stocks and when the market crashed people couldn't repay their debts. There was also a 'run' on the banks from people who had put money in savings and the banks didn't have the money to disperse since the money had been loaned it out.

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