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    History A-Level

    Weaknesses of the banking system

    What Weaknesses of the banking system means in History A-Level, as defined for Pearson Edexcel.

    Definition of Weaknesses of the banking system

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    Reference: Pearson Edexcel

    Unregulated, independent unit banks and lack of deposit insurance, so market panic rapidly triggered widespread bank failures.
    Pearson Edexcel · Boom and crash, 1920–29 (study guide)

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