Is this stat only in the US? That means there were more than 9,000 banking institutions in the US in 1930? That’s wild if that’s true but I find it hard to believe.
9,000 banks failed - $7 billion in depositors' assets.
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Yeah just googled it 😳
I continue to see this referenced as the second largest. Might be missing something though. We all know the GD was the largest… what’s after that that’s bigger than this?
2008?
465 were closed as a result of the 08 financial crisis
Which would be about $125 billion today in adjusted dollars.
