This term refers to events that occurred during the great depression where panicked customers withdrew their deposits in fear that the banks were going to close and their investments would be lost. example: much of the great depression's economic damage was caused by nationwide

Contributing factors  leading  to the harlem renaissance were the great migration of african americans to northern cities, which concentratedambitious  people in places where they could encourage each  other, and the first world war, which had created new industrial work opportunities for tens of thousands of people.