Great Depression

By Lainey_M8
  • 1933 BCE

    Closing Banks

    Closing Banks
    By 1933 thousands of banks began to close. Hoover's administration tried to support failing banks and other institutions with loans.

  • All Remaining Banks Forced to Close

    All Remaining Banks Forced to Close
    The United States ordered all remaining banks to close at the end of the fourth wave of banking panics and the United States Treasury did not have enough money to pay all of the government workers.