Bank failures and rescues: Difference between revisions
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imported>Nick Gardner |
imported>Nick Gardner |
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===The 1930s=== | ===The 1930s=== | ||
'''9,000 US banks fail''' in the course of the | '''9,000 US banks fail''' in the course of the 1930s | ||
===1940 to 2007=== | ===1940 to 2007=== | ||
Revision as of 08:56, 18 October 2008
Many of the numerous bank failures that have occurred over the years have not proved harmful to their national economies. Governments have found it necessary, however, to guard against the danger of "systemic failure" resulting from a general loss of in the banking system and have, from time to time, rescued a failing bank in order to avert that danger. There have nevertheless been several instances of banking crises that have done serious damage to national economies.
- For a detailed list of failures and rescues in their historical sequence, see the timelines subpage.
The vulnerability of banks
The case for bank rescues
Failures and rescues
Before 1930
The 1930s
9,000 US banks fail in the course of the 1930s