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Articles tagged with: Bank Failures

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Posted on 6 Aug 2012 | 10,036 views
2013 Great Depression Parallels the 1930’s

The current crisis in Europe has now gone well beyond the prospect of breaking up the EURO to the threat of a full-fledged financial and economic collapse in Europe that could plunge the world into a second Great Depression.

Stock Market Crashes »

Posted on 5 Apr 2011 | 12,235 views
Bank Stocks After the 1929 Stock Market Crash

During the 1920s, there was an average of 70 banks failing each year nationally. After the crash during the first 10 months of 1930, 744 banks failed – 10 times as many. In all, 9,000 banks failed during the decade of the 30s. It’s estimated that 4,000 banks failed during the one year of 1933 alone. By 1933, depositors saw $140 billion disappear through bank failures.