Bank Closures
During the 1920s about 300 banks closed in Iowa leading up to the Great Depression.
Transcript
If farmers suffered, then small towns suffered. And if small towns suffered, then their financial centers, the banks, suffered. When news got out that a bank was about to close, people panicked and rushed to withdraw their savings. This only made the inevitable death of a bank come sooner. During the 1920s over 300 banks closed in Iowa and customers at the end of the line found their savings had vanished over night.
The Iowa Heritage Hard Times
Pathways
What is your Iowa pathway? Start your investigation by selecting a topic from the list above.
Media Artifacts
Navigation Tip:
Before digging in, check out how the page is organized. What are the main navigation buttons? What stays the same on every page?