asked 83.3k views
2 votes
Suppose you were living during the Great Depression. How might the events of that era have affected your future banking decisions?

1 Answer

4 votes

Many older individuals who lived through the Great Depression do not trust banks because there were "runs" on the bank where they did not have enough cash on had to facilitate customers who wanted to withdraw their money.

There may be a lingering distrust of the banking system as a result.

answered
User Akib
by
7.9k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.