The Banking Crisis of 1933

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  • The Banking Crisis of 1933 Book Detail

  • Author : Susan Estabrook Kennedy
  • Release Date : 2014-07-15
  • Publisher : University Press of Kentucky
  • Genre : History
  • Pages : 280
  • ISBN 13 : 0813163307
  • File Size : 49,49 MB

The Banking Crisis of 1933 by Susan Estabrook Kennedy PDF Summary

Book Description: 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.

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