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Although the stock market had already crashed, most banks were still open. How/Why were most banks staying afloat at this time?

Respuesta :

Some banks were able to stay afloat during the Great depression because of their Huge reserve capacity.

What happens after stock market collapse?

The popular Stock market that collapsed in late 1920s plunged the economy into Great Depression which caused many bank to go bankrupt, however, some were able to withstand the economy pressure.

In conclusion, some banks were able to stay afloat during the Great depression because of their Huge reserve capacity.

Read more about Stock market collapse

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