Or more recently, the run on SVB last year where everyone started panicking that the bank was no longer able to hold its deposits, just because it announced that it had taken action to generate something like $40 billion in liquidity. And then the next day alone, customers withdrew $42 billion.
All of this was much worse during the Great Depression, before we had FDIC insurance guaranteeing deposits up to a certain threshold. If you've ever seen It's a Wonderful Life, it depicts a bank run during that era as George Bailey is about to go off on his honeymoon. (I remember my 6th grade history teacher describing this as we watched that movie around the holiday season.)
All of this was much worse during the Great Depression, before we had FDIC insurance guaranteeing deposits up to a certain threshold. If you've ever seen It's a Wonderful Life, it depicts a bank run during that era as George Bailey is about to go off on his honeymoon. (I remember my 6th grade history teacher describing this as we watched that movie around the holiday season.)
https://en.wikipedia.org/wiki/Collapse_of_Silicon_Valley_Ban...