Many banks in the U.S.failed in the 1930s not because they were poorly managed but because they could not survive the panicky withdrawals 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 withdrawals of funds by their depositors.
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Quizplus · Accepted Answer

This is true. The widespread and simultaneous withdrawals of funds by depositors during the Great Depression caused many otherwise healthy banks to fail.

Many Banks in the U