The market crash of 1929 triggered the Great Depression, which would shape American life for the following decade.

Most people also think about the Great Depression when it comes to bank failures. During the Great Depression, 9,000 banks failed. People who had bank accounts at these financial institutions lost ...

Government response and policy failures During the Great Depression and years after, blame initially fell on the private sector, with accusations that banks had recklessly depleted their reserves.

Banks experienced runs as customers withdrew ... actually apologized for the Federal Reserve’s actions during the Great Depression, placing much of the blame on the Fed itself.

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.

Deregulation in the 2000s and excessive risk by banks were major causes of the ... it was the longest recession since the Great Depression. During that time, U.S. GDP fell 4.3% -- the biggest ...

Millions of Americans were thrown into poverty as unemployment soared, banks failed ... attention to the plight of millions ...

Neither discussed details of the case. The FDIC, formed in 1933 during the Great Depression, is an independent government agency that insures deposits at U.S. member banks, ensuring depositor safety ...

Men eating bread and soup at a breadline during The Great Depression in the USA in 1929 ... of overproduction of goods and underconsumption. Banks were refusing to lend money to companies to ...

A crowd of depositors gather in the rain outside Bank of United States after its failure in 1931 during the Great Depression. Photo by World Telegram staff photographer from the Library of ...