Banksters, Bosses, and Smart Money: A Social History of the Great Toledo Bank Crash of 1931Ohio State University Press, 2004 - 196 pages In the 1920s, Toledo, Ohio, led the nation in manufacturing job growth. In the summer of 1931, Toledo suffered the worst banking crash of the Great Depression. Soon afterward, a greater percentage of the people in Toledo survived on federal relief than in any other American city. What caused one of America's most dynamic industrial cities to fall so far, so fast? Banksters, Bosses, and Smart Money uncovers the causes of one city's economic collapse by tracing the interlocking directorships, political machines, and insider deals that made quick fortunes for the well-connected while jeopardizing the savings of tens of thousands of depositors. It documents how the power of the city's financial elites continued even after the calamitous bank crash of 1931, skewing the liquidation of insolvent banks in their favor and shielding those responsible from criminal prosecution. By examining the social and political roots of the banking crisis in one community, Messer-Kruse demonstrates that the Great Depression cannot be understood only as an external force that crashed over communities, but also as a consequence of local power relations and financial decisions. Toledo's example suggests that the Great Depression was made locally and spread globally, not the other way around. |
Autres éditions - Tout afficher
Banksters, Bosses, and Smart Money: A Social History of the Great Toledo ... Timothy Messer-Kruse Affichage d'extraits - 2004 |
Banksters Bosses Smart Money: Social History of Great Toledo Bank Cras Timothy Messer-Kruse Aucun aperçu disponible - 2016 |
Expressions et termes fréquents
accounts American Ameryka-Echo Annual Report assets audit Auto-Lite Auto-Lite strike Bank closed bank crisis bank directors bank failures bank run bank’s bankers Banking Department bonds building cash Chamber of Commerce charges city’s closed banks collateral Commerce Guardian Bank Commercial Bank Company County Public Library court Department of Banks depositors deposits dividend dollars East Side Sun Federal Folder Fraser Frazier Reams Fulton grand jury Gunckel Home Bank indictments insiders June June 18 largest liquidation loans Lucas County mayor merger million mortgage Ohio Bank Ohio Historical Society Ohio Savings Bank Ohio Supreme Court Ohio’s percent political president profits prosecution prosecutor real estate Realty Republican Savings Bank Security Bank Security-Home Bank Sept shares smart money state’s subdivisions thousand Toledo Blade Toledo News-Bee Toledo Trust Toledo-Lucas County Public Toledo’s banks trial Union University of Toledo vice-president vote Walter Folger Brown week Willys-Overland withdrawals