The most important in bringing the banking crises of the 1930s to an end was The promise of federal bank deposit insurance.
The United States experienced the banking crises of 1930, a financial crisis that resulted in a sharp reduction in the money supply at a period of diminishing economic activity. During this time, a string of bank failures in rural areas caused depositors to panic, which spurred a massive bank run across ency retained in the nation.
The increase in hard currplace of deposits decreased the money multiplier effect, which in turn decreased the money supply and banking crises, stifling future economic growth. The Great Contraction and later the Great Depression were caused by the Federal Reserve Board's absence of an expansionary monetary policy in combination with the rapidly deteriorating financial and economic conditions.
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