Why were there run on banks iin 1933?

The run on banks in 1933 was primarily triggered by the Great Depression, which led to widespread panic among depositors. Many people feared that banks were insolvent due to significant losses from bad loans and investments, prompting them to withdraw their savings en masse. This created a liquidity crisis as banks lacked enough cash to meet withdrawal demands, further exacerbating the financial instability. The situation ultimately led to the implementation of bank holidays and reforms to restore public confidence in the banking system.