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Breaking the Banks in Motor City - The Auto Industry, the 1933 Detroit Banking Crisis and the Start of the New Deal (Paperback, New)
Loot Price: R948
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Breaking the Banks in Motor City - The Auto Industry, the 1933 Detroit Banking Crisis and the Start of the New Deal (Paperback, New)
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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 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.
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