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OpenStudy (anonymous):
What happened when the stock market crashed in October 1929? Most banks panicked and bought more stocks. Most investors panicked and sold all their stocks. Most investors calmly put their money into banks. Most banks calmly invested to help the stock market. @RoxyRae43
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OpenStudy (anonymous):
What do you think the answer is?
OpenStudy (ashleyisakitty):
During the crash of '29, banks failed greatly because they were investing in more stocks, and trying to collect loans that were now (then) worth little to nothing. This caused banks to crumble by the hundreds.
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