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The impact on business customers and consumers was by no means fatal in the beginning of the Depression. It was the panic caused by banks shutting down and the train reaction of people losing the trust of banks and if someone has no credit the banks wouldn't want to give them a loan. Slowly people lost their business and work became increasingly valued because of its scarcity.

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The financial and banking system went bottom-up. For example, when investment by the banks went bad, they were forced to close, especially when clients demanded to get their money back from the same banks.

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There was series of bank panics in the 1930's. Many banks had to close due to investments going bad and customers demanding their money back.

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In the beginning, the stock market crash did not directly affect the average business owner. However as time went on and more banks closed the average business owner was greatly affected as less people would visit their shops. This lack of demand resulted in many small businesses closing their doors as a result of the Great Depression.

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The series of bank panics in the late 1930's had led to several consequences. When investments went bad (or were rumored to go bad), several banks had to close due to the large number of customers requesting their money back.

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The state of consumer spending and business was not in peril at first. The lack of people having trust in banks led to the stock market crash because the stock market has a limited role in determining investment. People started to lose businesses and work began to become scarce.

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Many business owners had to close down their shops and let go of their steady jobs because of the stock market crash due to a total lack of customers. Also, people's credit disappeared when banks shut down.

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Business owners had to find new jobs as the amounts of customers began to decrease until stores went out of business.

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People struggled to get loans, as banks could not differentiate between who was reliable and who wasn't. Also when the banks closed, people either couldn't recieve loans.

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The stock market crash negatively impacted the average consumer by forcing them to close down their businesses.This forced an average consumer and a business owner to lose money to live a normal lifestyle and a means of earning that money.

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When the banks closed, business owners and citizens were no longer able to receive loans and financial advice from banks. As a result, they were not able to expand or keep their businesses running, which was the case with Mr. Mishkin.

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Initially, the stock market collapse did not affect the Average Consumer/ Business Owner greatly. However, as banks closed the businesses lost their sources of financing and customers due to the economic recession.

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The average consumer and business owners were not exactly affected at first because they withdrew their money from the banks. As larger corporations began to crash, consumers were unable to purchase necessities causing a chain reaction of loss regarding finance.

Credit value had decreased and banks were not willing to give loans to those in need causing the small businesses to crash.

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In the beginning of the Great Depression, banks were forced to close, and because of this, many business owners couldn't take loans. They would make less profit and eventually have to close down.

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Consumer spending would decrease, so small businesses would make less profit and possibly close down. This would then impact the families of business owners, such as in Mr. Mishkin's case.

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A series of bank panics swept the 1930s. If an investment went bad, or almost went bad, then banks had to close down.

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The average consumer was not affected immediately. They withdrew their money from banks in rapid amounts, but after the banks closed down, people were not able to make loans, or use credit. This led people to stop spending win luxuries and other people's services. This made stores go out of business and left people out of jobs.

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The impact on the the financial system of this time was drastic. The idea that banks were suffering and rumors that were circulating caused common people to demand their money back from the banks which led to them eventually closing. This shows the power that a simple mindset can have on a person. Banks were also weary of lending money to people because only the main banks were left which was not a good scenario. This is because the smaller local banks who knew what type of people had good/bad credit had shut down and the bigger banks didn't have this information.

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Banks began closing due to fewer investments being made, and remaining financial institutions could no longer give credit and loan money to customers without risking losing their own money.

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Bank panics in the 1930s. Bad investments were made which led to nervous customers demanding money back. Eventually hundreds of banks closed.

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Many banks shut down because people wanted their money back. When this happened, their "knowledge" disappeared with them. This stopped other banks from lending money because they could not distinguish reliable people from those who weren't that.

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Numerous banks shut down, and these shut downs led to a massive loss of information on loans and credit.

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Due to the bank panics that came as a result of the market crash, many people feared banks would close and thus they withdrew their money from banks. This caused banks to shut down as they lost many customers due to these panics.

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On the average consumer/business owner, the stock market crash had a delayed effect. Once hundreds of banks had closed, credit had dried up because banks could not trust small business owners or residents.

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At first, the average consumer and business owners were not exactly affected. But later on banks started closing and becoming less likely to loan money, this meant that the businesses lost their sources of financing.

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Many banks had to close down because of bad investments. Along with them went "knowledge" so no other banks would know who's reliable and who isn't. They wouldn't give out any loans

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Rumors of bank panics caused several consumers to ask for and withdraw money from their accounts causing several banks to close due to bankruptcy.  The Stock market failed due to lack of investments for regular stock buyers.

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The average consumer and business owners were not exactly affected 

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The larger financial system lost all its money and the trust of the people. It had no control over the economic collapse and began to collapse and bring down the American people with itself.

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A massive withdrawal from a bank led them to go out of business. This occurred because of some financial difficultly, or fear by the public. Without money to invest, and the collapsing stock market, the banks were not able to profit leaving them to wither.

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Many banks had to shut down due to investments going bad. Other Banks didn't know how to trust due to the knowledge of ban officers effectively decreasing. 

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Many banks had to shut down due to investments going bad. Other Banks didn't know how to trust due to the knowledge of ban officers effectively decreasing. 

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Business owners everywhere fell into the pull of the stock market crash due to the paranoia and refusal of banks to lend money to them. Many businesses ended up shutting down and owners were left without jobs.

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Rumors spread about banks leading to people withdrawing their money from banks. They had no money to invest and all thier money had gone in the failing stock market.

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Investments slowed and people grew wary of depending on their local banks. With rumors growing, they took any step they could to hold their bank alive, which meant rejecting businesses and consumers who asked for money.