The Banking Crisis of 1933

The Banking Crisis of 1933

Book - 1973
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University of Kentucky

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.



Baker & Taylor
Delves into the factors underlying the American banking crisis of 1933 and examines and assesses the efforts of Hoover and Roosevelt to solve the problem

Publisher: [Lexington] : University Press of Kentucky, [1973]
ISBN: 9780813112855
0813112850
Characteristics: x, 270 p. 24 cm

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