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American History

30 Eye-Opening Facts About Average Life During The Great Depression

Migrant Mother - Dorothea Lange

Image from the Great Depression. Jono Bellwood.

3. You Probably Pulled All Your Money Out of the Bank

In the weeks following the 1929 crash, people who were desperate to retain whatever money they had left withdrew all of their funds out of their banks. Economic analysts suggest that rather than the crash causing the depression, it was actually the runs on the banks that created it.

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