Around 9,000 banks closed between 1930 and 1933. This meant that many Americans lost their savings. The Great Depression affected how people lived, both from a physical and mental perspective.
Nanda, Ramana, and Tom Nicholas. "Did Bank Distress Stifle Innovation During the Great Depression?" Harvard Business School Working Paper, No. 12-106, May 2012. (Revised October 2013. Revise and ...
His plan intended to solve the problems caused by the Great Depression. Americans had lost confidence in the banking system. 1933 Emergency Banking Act Roosevelt temporarily closed all banks to ...
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