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Why did bank runs cause banks to fail?

Sagot :

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Answer:

Another phenomenon that compounded the nation's economic woes during the Great Depression was a wave of banking panics or “bank runs,” during which large numbers of anxious people withdrew their deposits in cash, forcing banks to liquidate loans and often leading to bank failure.

Explanation:

DrippQueenMo

Answer:

It caused them to fail becuase people withdrew their deposits in cash, t o liquidate loans.

Explanation:

“Bank runs” was when  large numbers of anxious people withdrew their deposits in cash, forcing banks to liquidate loans , leading to bank failure.

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