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Unformatted text preview: be the fault of the banking system. Before the great depression the financial systems were distinguished, but America eventually closed more than 30,000 banks. Several banks were ending up going bankrupt which meant unpaid and undeveloped to the depression. This had a pessimistic collision and in the years of 1923 to 1930 there were 5,000 banks whom mishappened due to the depression. As you can see there were more then just the stock market crashing that had lead to the great depression, and with all those many factors playing a role there was going to be issues eventually that came with each individual factor....
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