Quote by Carter G. Woodson

The strongest bank in the United States will last only so long as the people will have sufficient confidence in it to keep their money there.

The strongest bank in the United States will last only so lo

Summary

This quote highlights the fundamental importance of public trust and confidence in the banking system. It suggests that the strength and stability of a bank ultimately rely on the perception and faith that individuals have in it, particularly regarding the safety of their money. Even the most robust bank can falter if people lose confidence in it and choose to withdraw their deposits. Thus, maintaining public trust is vital for the longevity and success of any financial institution.

Topics

Money

By Carter G. Woodson

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