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Read the quote below. Why did the sight of money make the cu…

Read the quote below. Why did the sight of money make the customers less fearful? “Upon approaching the town (with a bank whose customers had withdrawn a lot of money) the pilotguided the plane low over the main street to dramatize its arrival and then landed in a nearby field.From there the Fed officials were ceremoniously escorted into town by the police and the money wasstacked along the bank’s teller windows. The sight of all that money piled up inside the bank quelledthe customers’ fears and saved the bank from failing.” —”Born of a Panic: Forming the Federal Reserve System,” Federal Reserve Board, Minneapolis

Read the quote below. Why did the sight of money make the cu…

Posted on: August 19, 2025 Last updated on: August 19, 2025 Written by: Anonymous Categorized in: Uncategorized
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