The banking crisis of World War I was primarily caused by:

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The banking crisis of World War I was primarily caused by large demands for conversion of currency and deposits into gold. This was because during the war, countries had to finance their wartime expenses by printing more money, which led to inflation and a decrease in the value of currency. As a result, people began to demand their deposits be converted to gold, which put a strain on the banking system and led to bank failures.

The Banking Crisis of World War I Was Primarily Caused