The Banking Crisis Of 1933

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. 9780813152912 0813152917 0 BOOK History NOT_MATURE http://books.google.com/books/content?id=QgDjoAEACAAJ&printsec=frontcover&img=1&zoom=5&source=gbs_api en

• | Author: Susan Estabrook Kennedy
• | Publisher: University Press Of Kentucky
• | Publication Date: Jul 15, 2014
• | Number of Pages: 280 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 0813152917
• | ISBN-13: 9780813152912