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Bank run and Great Depression

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Bank run and Great Depression

Bank run vs. Great Depression

A bank run (also known as a run on the bank) occurs when a large number of people withdraw their money from a bank, because they believe the bank may cease to function in the near future. The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

Similarities between Bank run and Great Depression

Bank run and Great Depression have 9 things in common (in Unionpedia): Ben Bernanke, Central bank, Deposit account, Developed country, Emergency Banking Act, Federal Deposit Insurance Corporation, Federal Reserve System, Financial crisis of 2007–2008, Gross domestic product.

Ben Bernanke

Ben Shalom Bernanke (born December 13, 1953) is an American economist at the Brookings Institution who served two terms as Chairman of the Federal Reserve, the central bank of the United States, from 2006 to 2014.

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Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.

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Deposit account

A deposit account is a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder.

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Developed country

A developed country, industrialized country, more developed country, or "more economically developed country" (MEDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations.

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Emergency Banking Act

The Emergency Banking Act (the official title of which was the Emergency Banking Relief Act), Public Law 1, 48 Stat.

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Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions.

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Federal Reserve System

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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The list above answers the following questions

Bank run and Great Depression Comparison

Bank run has 79 relations, while Great Depression has 318. As they have in common 9, the Jaccard index is 2.27% = 9 / (79 + 318).

References

This article shows the relationship between Bank run and Great Depression. To access each article from which the information was extracted, please visit:

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