when banks closed as a result of the financial crisis of the great depression, depositors\no were given…

when banks closed as a result of the financial crisis of the great depression, depositors\no were given stock shares instead of cash in compensation.\no could retrieve the money from their accounts before closure.\no lost any savings they had kept at a closed bank.\no could recover their savings from the government.

when banks closed as a result of the financial crisis of the great depression, depositors\no were given stock shares instead of cash in compensation.\no could retrieve the money from their accounts before closure.\no lost any savings they had kept at a closed bank.\no could recover their savings from the government.

Answer

Brief Explanations:

During the Great Depression, when banks closed due to the financial crisis, there was no deposit - insurance system like today. Depositors had no way to get their money back from the closed banks and thus lost their savings.

Answer:

lost any savings they had kept at a closed bank.