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  2. Great Depression in the United States - Wikipedia

    en.wikipedia.org/wiki/Great_Depression_in_the...

    The Federal Reserve Act could not effectively tackle the banking crisis as state bank and trust companies were not compelled to be a member, paper eligible discount member banks heavily restricted access to the Federal Reserve, power between the twelve Federal Reserve banks was decentralized and federal level leadership was ineffective ...

  3. Causes of the Great Depression - Wikipedia

    en.wikipedia.org/wiki/Causes_of_the_Great_Depression

    Second, there are the monetarists, who believe that the Great Depression started as an ordinary recession, but that significant policy mistakes by monetary authorities (especially the Federal Reserve) caused a shrinking of the money supply which greatly exacerbated the economic situation, causing a recession to descend into the Great Depression ...

  4. Roy A. Young - Wikipedia

    en.wikipedia.org/wiki/Roy_A._Young

    Roy Archibald Young (May 17, 1882 – December 31, 1960) was an American banker who served as the 4th chairman of the Federal Reserve from 1927 to 1930. During his tenure as chairman, the Wall Street crash of 1929 occurred, which signaled the beginning of the Great Depression.

  5. The Day the Great Depression Ended - AOL

    www.aol.com/.../the-day-the-great-depression-ended

    On this day in economic and business history ... In most respects, April 28, 1942, was much like any other day of the Great Depression era for American markets. "The stock market lacked buying ...

  6. Great Depression - Wikipedia

    en.wikipedia.org/wiki/Great_Depression

    The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...

  7. Timeline of the Great Depression - Wikipedia

    en.wikipedia.org/wiki/Timeline_of_the_Great...

    December: The Federal Reserve's federal funds rate reaches 2%, a then-record low. December: Bank of United States (a private bank in New York City) collapses. The bank had over $160 million in deposits and was the fourth largest bank in the United States at the time, and its failure is widely considered to be the moment when the banking ...

  8. Reconstruction Finance Corporation - Wikipedia

    en.wikipedia.org/wiki/Reconstruction_Finance...

    In 1931, amidst the high rates of bank failure, deflation, and unemployment that characterized the Great Depression in the United States, Federal Reserve board member Eugene Meyer proposed the establishment of a government agency empowered to make loans to banks and businesses in critical sectors of the US economy.

  9. The Fed didn’t budge on rates. Here’s why that matters for ...

    www.aol.com/finance/fed-didn-t-budge-rates...

    Most people pay little attention to the Federal Reserve and monetary policy. But they have an outsized impact on your bank accounts. The Fed didn’t budge on rates.