Question

What happened to banks shortly after the stock market crash?

Banks continued to make money from loans.
Many people withdrew money from the banks.
Banks became a more reliable place for investors.
Many more people opened savings accounts at banks.

Answer 1

Shortly after the stock market crash of 1929, many people withdrew money from the banks. This was due to widespread panic and fear of bank failures, leading to bank runs where depositors rushed to withdraw their funds. This put tremendous strain on banks, many of which were not able to meet withdrawal demands, ultimately leading to bank failures and contributing to the Great Depression. so the correct answer is:

**Many people withdrew money from the banks.**