A run on German banks at the beginnning of World War I
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A run on German banks at the beginnning of World War I
Many German banks were besieged with crowds eager to withdraw their deposits at the start of the war. Date: 1914
Mary Evans Picture Library makes available wonderful images created for people to enjoy over the centuries
Media ID 14154583
© Mary Evans Picture Library
Bank Banking Banks Besieged Crowds Deposits Finance Financial Start Withdraw
EDITORS COMMENTS
This evocative photograph captures the chaotic scene outside a German bank during the early days of World War I. Dated 1914, the image portrays the frenzied crowd that had gathered in response to the rumors of impending financial instability. As the war loomed on the horizon, people rushed to withdraw their savings, fearing the worst. The banks, ill-prepared for such a massive influx of customers, were quickly besieged, leading to long queues and chaotic scenes. The First World War marked a turning point in history, and the financial repercussions were felt deeply. The war effort required vast sums of money, and governments across Europe turned to their banks for financing. However, the uncertainty and instability brought about by the war led to a loss of confidence in the banks and their ability to protect depositors' funds. The photograph offers a glimpse into a pivotal moment in history, one that would forever change the financial landscape of Europe. The run on German banks at the beginning of World War I was just the beginning of a series of financial crises that would plague the continent for decades to come. This historical image is a poignant reminder of the human impact of war and the fragility of the financial system. It also underscores the importance of trust and confidence in financial institutions, especially during times of crisis. The photograph is a valuable historical document, offering insights into the past and shedding light on the complex relationship between war, finance, and society.
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