This volume presents a clear and concise explanation of why the American banking crisis of 1933 occurred. The bulk of the book analyses the actual events of the final major panic which was ushered in by the closing down of the banks in the State of Michigan on February 14, 1933. The following three weeks made history and events happened so fast that years of banking history seemed to be compressed into as many days. The events are set within an historical context which enables the reader to see the panic in relation to what came before it.
1. The Stage is Set, 1919-1929 2. Why the Banks Failed 3. Efforts at Reform – The Glass Bill. 4. The Prelude in Europe 5. Runs on the Dollar. 6. Shots in the Arm. 7. The Panic Begins. 8. The Collapse is Complete. 9. The Banks are Reopened. 10. The ‘New Deal’. Chronology of the Banking Panic.