| Informações do fórum de jorguspthj |
| Registrado em: |
07-27-2022 |
| Última Visita: |
(Invisível) |
| Total de Mensagens: |
0 (0 mensagens por dia | 0 porcento do total de mensagens) |
| Total de tópicos: |
0 (0 tópicos por dia | 0% de todos os tópicos.) |
| Tempo Online: |
(Invisível) |
| Referenciado pelo membro: |
0 |
|
|
| Informação adicional sobre jorguspthj |
| Bio: |
In mid-February 1933, banking difficulties developed in Detroit, Michigan. The RFC wanted to make a loan to the distressed bank, the Union Guardian Trust, to prevent a crisis. The bank was one of Henry Ford's banks, and Ford had deposits of $7 million in this particular bank. Michigan Senator James Couzens demanded that Henry Ford subordinate his deposits in the distressed bank as a condition of the loan. If Ford concurred, he would run the risk of losing all of his deposits before any other depositor lost a penny. Ford and Couzens had actually as soon as been partners in the vehicle business, but had actually become bitter competitors.
When the negotiations stopped working, the governor of Michigan stated a statewide bank holiday. In spite of the RFC's desire to assist the Union Guardian Trust, the crisis could not be prevented. The crisis in Michigan resulted in a spread of panic, initially to adjacent states, but ultimately throughout the nation. By the day of Roosevelt's inauguration, March 4, all states had declared bank holidays or had actually restricted the withdrawal of bank deposits for money. As one of his very first acts as president, on March 5 President Roosevelt revealed to the country that he was stating a nationwide bank vacation. Practically all banks in the country were closed for business throughout the following week. https://www.magcloud.com/user/claryadvws |
| Sex: |
Male |
|
