Breaking the banks in Motor City
Subtitle: the auto industry, the 1933 Detroit banking crisis and the start of the New Deal
By: Darwyn H. Lumley.
Publisher: McFarland & Co.
Published: 2009
Place of publication: Jefferson, N.C
Language: eng
Number of pages: 195
ISBN-13: 9780786444175
Subjects: Bank failures -- Michigan -- Detroit -- History -- 20th century; Automobile industry and trade -- Michigan -- Detroit -- History; Financial crises -- United States -- History -- 20th century; New Deal, 1933-1939; United States -- Economic policy -- 1933-1945
Description: "This history tells the 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 by automobile industry leaders, Detroit banks experienced a critical emergency, precipitating the federal closure of banks on March 4, 1933"--Provided by publisher.
Notes: Includes bibliographical references and index.
Table of contents: title: More money needed; title: "Wall Street sees Ford as a banker"; title: "In the way our reports were being made, it never was material"; title: "It is going to be awfully hard work"; title: "Woe unto those by whom it cometh"; title: "Your friends won't hold it against you"; title: The banking system ceases to function.