| Informações do fórum de jenidenkkh |
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08-01-2022 |
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| Informação adicional sobre jenidenkkh |
| Bio: |
In mid-February 1933, banking troubles established 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 among Henry Ford's banks, and Ford had deposits of $7 million in this specific bank. Michigan Senator James Couzens demanded that Henry Ford subordinate his deposits in the struggling bank as a condition of the loan. If Ford concurred, he would run the risk of losing all of his deposits prior to any other depositor lost a penny. Ford and Couzens had when been partners in the automobile business, but had actually ended up being bitter competitors.
When the negotiations failed, the governor of Michigan stated a statewide bank vacation. In spite of the RFC's determination to assist the Union Guardian Trust, the crisis might not be averted. The crisis in Michigan led to a spread of panic, first to adjacent states, however eventually throughout the country. By the day of Roosevelt's inauguration, March 4, all states had actually declared bank holidays or had limited the withdrawal of bank deposits for cash. As one of his first function as president, on March 5 President Roosevelt revealed to the country that he was stating an across the country bank holiday. Nearly all financial institutions in the nation were closed for business during the following week. https://www.sbnation.com/users/ravettctgt |
| Sex: |
Male |
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