what was a bank factor that caused the great depression
Here are some interesting facts about banks and bank failures during the Great Depression : â¢An estimated 9,000 banks failed during the 1930s and the Great Depression. â¢In 1933 alone, people who had money deposited in banks lost approximately $140 billion. â¢In 1933, Franklin D. Roosevelt (FDR) declared a three-day National Bank Holiday to prevent people from withdrawing money from banks.