Breaking the Banks in Motor City : The Auto Industry, the 1933 Detroit Banking Crisis and the Start of the New Deal

by Darwyn H. Lumley

Book Details

Format Paperback / Softback

ISBN-10 0786444177

ISBN-13 9780786444175

Publisher McFarland & Co Inc

Imprint McFarland & Co Inc

Country of Manufacture US

Country of Publication GB

Publication Date Jul 15th, 2009

Print length 202 Pages

Weight 313 grams

Dimensions 22.90 x 15.20 x 1.00 cms

AI Summary

Ksh 5,450.00

Werezi Extended Catalogue 0 in stock

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Tells the 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.

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.

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