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Banking Panics During the Great Depression. 3127 Social Sciences Plaza A. Banking Panics During the Great Depression. A financial history research project at UC Irvine. During the Great Depression of 1929 to 1939, one third of the banks in the United States suspended operations. The banks failed during three gigantic panics. Economists and historians have long wondered why these panics occurred and how they affected the economy. This project seeks to answer those questions.
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