In the early years of the Great Depression, 1929-1933:

Name: In the early years of the Great Depression, 1929-1933:
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During the early years of the Great Depression, from 1929 to 1933, more than a third of all U.S. banks failed, which was a significant number and contributed to the economic crisis. The failure of banks led to a loss of trust in the financial system, as people lost their savings and investments. This, in turn, led to a decrease in consumer spending and further economic contraction.

In the Early Years of the Great Depression, 1929-1933