Monday, August 12, 2013

Bank Closures During the Great Depression - The United States Versus Canada

The United States - 10,421 Canada - 0.............And the reason for this monstrous difference probably had to do with unit banking laws - the United States having them, Canada not (the fact that these laws made it significantly more difficult for banks to expand, diversify, etc.). Thank you kindly, Presidents Hoover and Roosevelt.

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