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

Amazon.com Price: $35.00 (as of 02/05/2019 15:42 PST- Details)

Categories: Americas, Automotive, Banking, Banks and Banking, Books, Business and Finance, Business and Money, Economics, Engineering and Transportation, History, Humanities, New, Used and Rental Textbooks, Specialty Boutique, State and Local, Subjects, Transportation, United States

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This history tells the somewhat unknown story of the way the Detroit automobile industry played an important role within the 1933 banking crisis and the next 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 crucial emergency, precipitating the federal closure of banks on March 4, 1933, the primary in a series of actions during which the government acquired power over economics up to now held by states and private industrial and financial interests.

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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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