Collapse of Caldwell and Company
Citations (1)
- Lords of Finance whole source · open book
That October, two months before the BUS crisis, the terrible drought across the Midwest and South led to the collapse of the Tennessee investment bank, Caldwell and Company, which controlled the largest chain of banks in the South, leaving a string of failures in its wake—120 in all across Tennessee, Kentucky, Arkansas, and North Carolina.
chapter: 18. MAGNETO TROUBLE - 1930-31