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Book Cover
Author Wicker, Elmus.

Title The banking panics of the Great Depression / Elmus Wicker
Published Cambridge ; New York : Cambridge University Press, 1996


Location Call no. Vol. Availability
 MELB  332.10973 Wic/Bpo  AVAILABLE
Description xviii, 174 pages : illustrations, maps ; 24 cm
Series Studies in monetary and financial history
Studies in monetary and financial history.
Contents 1. The banking situation in the United States, 1921-33. States of the economy, 1921-9 and 1930-3. The incidence of bank suspensions. Financial condition of US banks: 1921-9 and 1930-3. Definitions, characteristics and theories of banking panics. Banking panics of the Great Depression: an overview -- 2. The banking crisis of 1930. The geographical incidence of the banking crisis of 1930. The microhistory of the banking crisis. Interest rates and the banking crisis of 1930. Expenditure effects of the banking crisis. The banking crisis as a cause of the Great Depression. The role of the Federal Reserve in the banking crisis. What should the Fed have done? -- 3. The two banking crises of 1931. The region specific second banking crisis: April-August 1931. The third banking crisis: September-October 1931 - two crises contrasted. Mini panics in Philadelphia, Pittsburgh, and Chicago. The gold crisis: Britain's departure from the gold standard and the Fed's response
Was there something special about the 1931 banking crisis? Role of the 1931 crises in contributing to the Great Depression -- 4. The banking panic of 1933. The long pause between financial storms: 1932. The gathering storm. The external drain. Money and capital markets during the panic. The Fed's response to the gathering storm. Expenditure effects of the 1933 panic. Did the 1933 panic resemble pre-1914 panics? The resolution of the banking panic -- 5. Banking crises of the Great Depression: a reassessment. The geographical incidence of banking crises. Did the banking crises of the Great Depression differ from pre-1914 panics? Did bank failures cause the Great Depression? The role of gold during banking panics. Causes of bank suspensions: random withdrawals or asset shocks?
Analysis Banking
United States
United States
Bibliography Includes bibliographical references (pages 166-170) and index
Subject Bank failures -- United States -- History -- 20th century.
Banks and banking -- United States -- History -- 20th century.
Depressions -- 1929 -- United States.
Financial crises -- United States -- History -- 20th century.
Financial crises -- United States.
United States -- Economic conditions -- 1918-1945.
LC no. 95049436
ISBN 0521562619 (hc)