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Breaking the Banks in Motor City: The Auto Industry, the 1933 Detroit Banking Crisis and the Start of the New Deal

by Darwyn H. Lumley
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Current price ₹2,823.00
Original price ₹3,388.00
Original price ₹3,388.00
Original price ₹3,388.00
(-17%)
₹2,823.00
Current price ₹2,823.00

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Book cover type: Paperback
  • ISBN13: 9780786444175
  • Binding: Paperback
  • Subject: N/A
  • Publisher: McFarland & Company
  • Publisher Imprint: McFarland & Company
  • Publication Date:
  • Pages: 202
  • Original Price: GBP 21.99
  • Language: English
  • Edition: N/A
  • Item Weight: 291 grams
  • BISAC Subject(s): Automotive / General

This history tells the relatively 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 and conflicts of interest by automobile industry leaders, Detroit banks experienced a critical emergency, precipitating the federal closure of banks on March 4, 1933, the first in a series of actions by which the federal government acquired power over economics previously held by states and private industrial and financial interests.

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