The stage is set, 1919-1929 : a fateful week -- Why the banks failed : what bank failures mean -- Efforts at reform : the Glass Bill : Apathy of congress -- The prelude in Europe : rumblings of disaster -- Runs in the dollar : the first bun is met -- Shots in the arm : the National Credit Corporation -- The panic begins : the psuedo-revival 0f 1932 -- The collapse is complete : state moratoria -- The banks are reopened : the country at the crossroads -- The "New Deal" : the Roosevelt program
Summary
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
