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47
The third wave of bank failures happened in . This was the worst run yet with banks closing and total deposit losses of $ billion. What was the Fed's response?
early 1933
4,000 banks closing
total deposit losses of $3.5 billion
The Fed actually INCREASED the DR. This was the exact opposite of what they should have done. It further reduced M.
4,000 banks closing
total deposit losses of $3.5 billion
The Fed actually INCREASED the DR. This was the exact opposite of what they should have done. It further reduced M.
Karteninfo:
Autor: savhighsmith
Oberthema: Economics
Thema: History of Economics
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 11.12.2010