麻烦高手翻一下~~非常感谢!
Overextended borrowers couldn't pay back the banks.
1929-1933 - The Roaring Twenties screeched to a halt when the stock market crashed. Banks had loaned heavily on stocks, and were unable to collect on those loans as over-extended investors' holdings lost significant value. And as the recession deepened, farmers who had already been struggling for the past decade had even more difficulty in paying their mortgages, adding to banks' losses. 9,000 banks went belly-up as they faced a lack of capital and a credit crisis. The failure of the New York Bank of the United States, though not government-owned, was a severe blow to any remaining confidence in the American banking system. Bank runs - massive deposit withdrawals due to customers' widespread fear that the bank would fail - wiped out much of banks' remaining cash.