Why were bank failures common during the Depression?

O Many people could not pay what they owed to banks,

• Many people took out new loans.

Many people put more money into the banking system.

Many people stopped spending money.

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3 February, 07:01

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Carey · Answer 1

Many people could not pay what they owed to banks,

Why were bank failures common during the Depression?O Many people could not pay what they owed to banks,• Many people took out new loans.Many people put more money into the banking system.Many people stopped spending money.