American banks fail after Britain leaves gold
Citations (1)
- Lords of Finance whole source · open book
In one month alone after the British departure from gold, 522 American banks went under—by the end of the year, a total of 2,294, one out of every ten in the country, with a total of $1.7 billion in deposits, would suspend operations.
chapter: 20. GOLD FETTERS - 1931-33