Many banks in the U.S.failed in the 1930s,not because they were poorly managed,but because they could not survive the panicky withdrawal of funds by their depositors.

Name: Many banks in the U.S.failed in the 1930s,not because they were poorly managed,but because they could not survive the panicky withdrawal of funds by their depositors.
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This statement is true. In the 1930s, many banks failed due to people's fear and panicky withdrawal of their deposits, leading to a collapse of the banking system.

Many Banks in the U