Causes of the Great Depression. Warm-up. Why do you think the economy is a in a recession (slow down in the economy, loss of jobs) right now? . What was life like in the 1920s?. Lots of spending that people couldn’t afford. Rise of credit cards New technologies Consumerism.
2. What is a bank failure?
3. What is a bank run?
4. What is a bank panic?
5. How did bank panics contribute to the collapse of the nation’s banking system?