Looking back at the past few weeks, it seems like banks are collapsing left, right and centre; but what exactly does this mean for us? Are these inconsequential blips on the financial radar, or will they herald the beginning of a major banking crisis? On today's episode, Dan is joined by Charles Read, who teaches economics and history at the University of Cambridge, to walk us through why these collapses happen, whether they can be predicted, and what their repercussions are.Produced by James Hickmann and edited by Dougal Patmore.If you'd like to learn more, we have hundreds of history documentaries, ad-free podcasts and audiobooks at History Hit - subscribe to History Hit today!Download the History Hit app from the Google Play store.Download the History Hit app from the Apple Store. Hosted on Acast. See acast.com/privacy for more information.