#RFB-11000285Reading: Fill in the BlanksAcademic,CoreHard
Economic Depression
Official Question Material
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As the economic depression deepened [blank] the early 30s, and as farmers had less and less money to spend in town, banks began to fail at [blank] rates. During the 20s, there was an average of 70 banks failing each year nationally. After the crash during the first 10 months of 1930, 744 banks closed down 10 times as many. In all, 9,000 banks [blank] during the decade of the 30s. [blank] 1933, depositors saw $140 billion [blank] through bank failures.
Sample Answer & Audio Transcript
As the economic depression deepened in the early 30s, and as farmers had less and less money to spend in town, banks began to fail at alarming rates. During the 20s, there was an average of 70 banks failing each year nationally. After the crash during the first 10 months of 1930, 744 banks closed down 10 times as many. In all, 9,000 banks failed during the decade of the 30s. By 1933, depositors saw $140 billion disappear through bank failures.
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