Breaking the Banks in Motor City: The Auto Industry, the 1933 Detroit Banking Crisis and the Start of the New Deal
Author:   Darwyn H. Lumley
Publisher:   McFarland & Co Inc
ISBN:  

9780786444175


Pages:   202
Publication Date:   15 July 2009
Recommended Age:   From 18 years
Format:   Paperback
Availability:   Available To Order   Availability explained
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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


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Overview

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.

Full Product Details

Author:   Darwyn H. Lumley
Publisher:   McFarland & Co Inc
Imprint:   McFarland & Co Inc
Dimensions:   Width: 15.20cm , Height: 1.00cm , Length: 22.90cm
Weight:   0.313kg
ISBN:  

9780786444175


ISBN 10:   0786444177
Pages:   202
Publication Date:   15 July 2009
Recommended Age:   From 18 years
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   Available To Order   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

Table of Contents

Table of Contents Introduction      1. More Money Needed      2. “Wall Street Sees Ford as a Banker”      3. “In the Way Our Reports Were Being Made, It Never Was Material.”      4. “It Is Going to Be Awfully Hard Work”      5. “Woe unto Those by Whom It Cometh”      6. “Your Friends Won’t Hold It Against You”      7. The Banking System Ceases to Function      Epilogue      Chronology      Notes      Bibliography      Index     

Reviews

this book is a rarity, a work of business and financial history with a very strong automotive bent. It's not a story that people without a business background will easily grasp, but it's real, thankfully not drowned in numbers and therefore, worthy --Hemmings Classic Car this complicated story is admirably well condensed into a relatively short treatise --The Flying Lady.


"""this book is a rarity, a work of business and financial history with a very strong automotive bent. It's not a story that people without a business background will easily grasp, but it's real, thankfully not drowned in numbers and therefore, worthy""--Hemmings Classic Car; ""this complicated story is admirably well condensed into a relatively short treatise""--The Flying Lady."


this book is a rarity, a work of business and financial history with a very strong automotive bent. It's not a story that people without a business background will easily grasp, but it's real, thankfully not drowned in numbers and therefore, worthy --<i>Hemmings Classic Car</i>; this complicated story is admirably well condensed into a relatively short treatise --<i>The Flying Lady.</i>


Author Information

Darwyn H. Lumley 2007–2009 president of the Society of Automotive Historians, has written for a number of automotive publications and lives in Vista, California.

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