Ten years ago this week every bank in the nation closed its doors. Reason: an executive order from newly inaugurated President Roosevelt to stave off complete financial collapse.
This week the Country's 15,000 banks were not only open, they were booming. Through their doors by day, and often by night, customers thronged to deposit and draw on their big wartime earnings. Money, which was skin-tight in 1933, was now plentiful. Circulation of coin and notes was at an alltime high of $15.9 billions, or more than double the levels of 1933. Demand...
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