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Author: Susan Estabrook Kennedy Publisher: University Press of Kentucky ISBN: 0813163307 Category : History Languages : en Pages : 280
Book Description
On March 6, 1933, Franklin D. Roosevelt, less than forty-eight hours after becoming president, ordered the suspension of all banking facilities in the United States. How the nation had reached such a desperate situation and how it responded to the banking "holiday" are examined in this book, the first full-length study of the crisis. Although the 1920s had witnessed a wave of bank failures, the situation worsened after the 1929 stock market crash, and by the winter of 1932-1933, complete banking collapse threatened much of the nation. President Hoover's stopgap measures proved totally inadequate, the author shows, and by March 4, the day of Roosevelt's inauguration, thirty-four states had declared banking moratoriums. Of special interest in this study is Ms. Kennedy's examination of relations between Herbert Hoover and Franklin D. Roosevelt.
Author: Susan Estabrook Kennedy Publisher: University Press of Kentucky ISBN: 0813163307 Category : History Languages : en Pages : 280
Book Description
On March 6, 1933, Franklin D. Roosevelt, less than forty-eight hours after becoming president, ordered the suspension of all banking facilities in the United States. How the nation had reached such a desperate situation and how it responded to the banking "holiday" are examined in this book, the first full-length study of the crisis. Although the 1920s had witnessed a wave of bank failures, the situation worsened after the 1929 stock market crash, and by the winter of 1932-1933, complete banking collapse threatened much of the nation. President Hoover's stopgap measures proved totally inadequate, the author shows, and by March 4, the day of Roosevelt's inauguration, thirty-four states had declared banking moratoriums. Of special interest in this study is Ms. Kennedy's examination of relations between Herbert Hoover and Franklin D. Roosevelt.
Author: Susan Estabrook Kennedy Publisher: University Press of Kentucky ISBN: 0813183405 Category : History Languages : en Pages : 376
Book Description
A “well-written, carefully researched study” of this dramatic episode in American financial history, when the banking industry verged on complete collapse (Business History Review). On March 6, 1933, Franklin D. Roosevelt, less than forty-eight hours after becoming president, ordered the suspension of all banking facilities in the United States. How the nation had reached such a desperate situation and how it responded to the banking “holiday” are examined in this book, the first full-length study of the crisis. Although the 1920s had witnessed a wave of bank failures, the situation worsened after the 1929 stock market crash, and by the winter of 1932-1933, complete banking collapse threatened much of the nation. President Hoover’s stopgap measures proved totally inadequate, the author shows, and by March 4, the day of Roosevelt’s inauguration, thirty-four states had declared banking moratoriums. Of special interest in this study is the author’s examination of relations between Herbert Hoover and Franklin D. Roosevelt. Upon the book’s publication, Reviews in American History described The Banking Crisis of 1933 as “by far the best and most comprehensive [study] that has appeared,” and praised its “clear and readable style.”
Author: Robert Lynn Fuller Publisher: McFarland ISBN: 0786486856 Category : History Languages : en Pages : 289
Book Description
In March 1933, in one of his first acts as president, Franklin Delano Roosevelt declared a bank holiday throughout the United States. Considered by many to be a bold step to curb the mounting bank crisis, the decree closed banks in all 48 states and overseas territories, putting money out of reach of citizens, businesses and all levels of government. This narrative history recounts and explains the economic, financial and political backgrounds of the banking panic, arguing that the holiday was not only unnecessary but actually damaging to the economy. The holiday did, however, provide Roosevelt with the momentum to push through a series of historic reforms that remade the federal government. This revisionist work not only reveals the circumstances around the panic but debunks numerous myths that have clung to it ever since.
Author: Marcus Nadler Publisher: Routledge ISBN: 0415528127 Category : Business & Economics Languages : en Pages : 226
Book Description
This volume presents a clear and concise explanation of why the American banking crisis of 1933 occurred. The bulk of the book analyses the actual events of the final major panic which was ushered in by the closing down of the banks in the State of Michigan on February 14, 1933. The following three weeks made history and events happened so fast that years of banking history seemed to be compressed into as many days. The events are set within an historical context which enables the reader to see the panic in relation to what came before it.
Author: Federal Deposit Insurance Corporation Publisher: ISBN: 9780966180817 Category : Languages : en Pages :
Book Description
Crisis and Response: An FDIC History, 2008¿2013 reviews the experience of the FDIC during a period in which the agency was confronted with two interconnected and overlapping crises¿first, the financial crisis in 2008 and 2009, and second, a banking crisis that began in 2008 and continued until 2013. The history examines the FDIC¿s response, contributes to an understanding of what occurred, and shares lessons from the agency¿s experience.
Author: Amos Kiewe Publisher: Texas A&M University Press ISBN: 1603444548 Category : Business & Economics Languages : en Pages : 170
Book Description
"I want to talk for a few minutes with the people of the United States."Thus began not only the first of Franklin Roosevelt?s celebrated radio addresses, collectively called Fireside Chats, but also the birth of the media era of the rhetorical presidency. Humorist Will Rogers later said that the president took "such a dry subject as banking and made everyone understand it, even the bankers." Roosevelt also took a giant step toward restoring confidence in the nation?s banks and, eventually, in its economy. Amos Kiewe tells the story of the First Fireside Chat, the context in which it was constructed, the events leading to the radio address, and the impact it had on the American people and the nation?s economy.Roosevelt told America, "The success of our whole national program depends, of course, on the cooperation of the public?on its intelligent support and its use of a reliable system." Kiewe succinctly demonstrates how the rhetoric of the soon-to-be-famous First Fireside Chat laid the groundwork for that support and the recovery of American capitalism.
Author: Darwyn H. Lumley Publisher: McFarland ISBN: 0786454148 Category : Transportation Languages : en Pages : 203
Book Description
This history tells the relatively unknown story of how the Detroit automobile industry played a major role in the 1933 banking crisis and the subsequent New Deal reforms that drastically changed the financial industry. Spurred by failed decision making and conflicts of interest by automobile industry leaders, Detroit banks experienced a critical emergency, precipitating the federal closure of banks on March 4, 1933, the first in a series of actions by which the federal government acquired power over economics previously held by states and private industrial and financial interests.
Author: Elmus Wicker Publisher: Cambridge University Press ISBN: 9780521663465 Category : Business & Economics Languages : en Pages : 196
Book Description
This is the first study of five US banking panics of the Great Depression. Wicker's findings challenge many of the commonly held assumptions about the events of 1930 and 1931, and will be of use to monetary and financial historians and macroeconomists.
Author: Susan Estabrook Kennedy
Author: Susan Estabrook Kennedy
Author: Susan Estabrook Kennedy
Author: Robert Lynn Fuller
Author: Marcus Nadler
Author: Federal Deposit Insurance Corporation
Author: Amos Kiewe
Author: Darwyn H. Lumley
Author: George Lamar Griffeth
Author: Viola Agnes West
Author: Elmus Wicker