Chapter 875: Chapter 653: Great Depression

As time passed, whether there were other forces behind the stock market crash was no longer important.

For the United States at present, stabilizing the economic order after the stock market crash and reducing its impact on the national economy is the most important thing.

With the collapse of the stock market, the economy of every sector in the United States had fallen into a disastrous disaster, and the chain reaction was constantly occurring.

Whenever such a disaster occurred, the first thing that people would think of was to withdraw their deposits from banks and purchase emergency items such as grain and medical supplies.

Just on the second day after the stock market crash, which was July 15th, the currency reserves of all banks in New York had dropped by more than $70 million, most of which had been withdrawn by private depositors.