HoMe PaGe

Great Depression Banks

Loading...

Wiki info

One reason why the Federal Reserve did not act to limit the decline of the money supply was the gold standard. At that time, the amount of credit the Federal Reserve could issue was limited by the Federal Reserve Act, which required 40% gold backing of Federal Reserve Notes issued. By the late 1920s, the Federal Reserve had almost hit the limit of allowable credit that could be backed by the gold in its possession. This credit was in the form of Federal Reserve demand notes. A "promise of gold" is not as good as "gold in the hand", particularly when they only had enough gold to cover 40% of the Federal Reserve Notes outstanding. During the bank panics a portion of those demand notes were redeemed for Federal Reserve gold. Since the Federal Reserve had hit its limit on allowable credit, any reduction in gold in its vaults had to be accompanied by a greater reduction in credit. On April 5, 1933, President Roosevelt signed Executive Order 6102 making the private ownership of gold certificates, coins and bullion illegal, reducing the pressure on Federal Reserve gold.

Use our keyword tool to find new keywords & suggestions for the search term Great Depression Banks. Use the keywords and images as guidance and inspiration for your articles, blog posts or advertising campaigns with various online compaines. The results we show for the keyword Great Depression Banks will change over time as new keyword trends develop in the associated keyword catoegory and market. For optimum results we recommend just searching for one keyword.

A-Z Keywords

Keyword Suggestions

Interesting pages

Linked Keywords

Keyword Images

FEAR… | pearlsofprofundity
FEAR… | pearlsofprof...
Gold Stampede
Gold Stampede
File:Bank Run c1933.jpg - Wikimedia Commons
File:Bank Run c1933.jp...
What Does The Federal Reserve Do - Business Insider
What Does The Federal ...
Great Depression Bank Stock Photos & Great Depression Bank ...
Great Depression Bank ...
Run on San Antonio’s City-Central Bank and Trust Company ...
Run on San Antonio’s...
Vigilant Grandpa: FDIC Friday Final bank closing count is 7
Vigilant Grandpa: FDIC...
20 Major Events of the Great Depression timeline ...
20 Major Events of the...
Banker, Can You Spare a Dime? – Fondly, Pennsylvania ...
Banker, Can You Spare ...
UTA August 2010 The Great Depression
UTA August 2010 The Gr...
Deposit insurance - Wikipedia
Deposit insurance - Wi...
trending now: ‘bank run’ – Fiat Planet
trending now: ‘bank ...
Franklin D. Roosevelt: First Fireside Chat eText - Primary ...
Franklin D. Roosevelt:...
Great Depression Bank Stock Photos & Great Depression Bank ...
Great Depression Bank ...
What in the World is Going on with Banks this Week ...
What in the World is G...
Great Depression | Definition, History, Causes, Effects ...
Great Depression | Def...
The Great Depression in OC: A look back – Orange County ...
The Great Depression i...
Deposit protection scheme edges closer to reality ...
Deposit protection sch...
The Great Depression by Amanda Valentina
The Great Depression b...
PEU Report: Losing 1/3 of America's Banks
PEU Report: Losing 1/3...
Comparing Today's Housing Crisis With the 1930s | Real ...
Comparing Today's ...
BBC - GCSE Bitesize: The Wall Street Crash and its ...
BBC - GCSE Bitesize: T...
Bank failures and the economy | Iowa Now
Bank failures and the ...
HousingPANIC - The Housing Bubble Blog with an Attitude ...
HousingPANIC - The Hou...
What Does The Federal Reserve Do - Business Insider
What Does The Federal ...
Gold Stampede
Gold Stampede
An all to common scene during the Great Depression - bank ...
An all to common scene...
File:Bank Run c1933.jpg - Wikimedia Commons
File:Bank Run c1933.jp...
Run on San Antonio’s City-Central Bank and Trust Company ...
Run on San Antonio’s...
Great Depression Bank Stock Photos & Great Depression Bank ...
Great Depression Bank ...
Banker, Can You Spare a Dime? – Fondly, Pennsylvania ...
Banker, Can You Spare ...
UTA August 2010 The Great Depression
UTA August 2010 The Gr...
Deposit insurance - Wikipedia
Deposit insurance - Wi...
20 Major Events of the Great Depression timeline ...
20 Major Events of the...
Vigilant Grandpa: FDIC Friday Final bank closing count is 7
Vigilant Grandpa: FDIC...
What in the World is Going on with Banks this Week ...
What in the World is G...
Franklin D. Roosevelt: First Fireside Chat eText - Primary ...
Franklin D. Roosevelt:...
Bank Runs | csinvesting
Bank Runs | csinvestin...
Great Depression Bank Stock Photos & Great Depression Bank ...
Great Depression Bank ...
The Great Depression in OC: A look back – Orange County ...
The Great Depression i...
trending now: ‘bank run’ – Fiat Planet
trending now: ‘bank ...
FDIC Bank Closing Procedure: What happens now? - FDIC Bank ...
FDIC Bank Closing Proc...
Comparing Today's Housing Crisis With the 1930s | Real ...
Comparing Today's Hous...
Great Depression | Definition, History, Causes, Effects ...
Great Depression | Def...
Deposit protection scheme edges closer to reality ...
Deposit protection sch...
1931: State Superintendent closes American Union Bank New ...
1931: State Superinten...
BBC - GCSE Bitesize: The Wall Street Crash and its ...
BBC - GCSE Bitesize: T...
1929 Great Depression Facts and Figures... Why did it happen?
1929 Great Depression ...
Banking Crisis of 1933
Banking Crisis of 1933
The Great Depression by Amanda Valentina
The Great Depression b...
Bank failures and the economy | Iowa Now
Bank failures and the ...
3mccrory
3mccrory