Yes, because the "Centralized Bank" in 1929 caused the bank runs.
Oh wait, centralized banking didn't exist back then? Fractional Reserve Systems didn't happen back then? And yet you have a decade of the greatest bank-runs of US History?
And ever since the fractional reserve system was invented, there hasn't been a national-scale bank run in the US for nearly 100 years?
You might want to check your dates. From wikipedia[1]:
"The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907."
Oh wait, centralized banking didn't exist back then? Fractional Reserve Systems didn't happen back then? And yet you have a decade of the greatest bank-runs of US History?
And ever since the fractional reserve system was invented, there hasn't been a national-scale bank run in the US for nearly 100 years?