3 His statement wound up foreshadowing a nearly two-year market dive to a l...
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
3 His statement wound up foreshadowing a nearly two-year market dive to a low of 41 on July 8, 1932, and a Great Depression that brought the American economy to its knees. Were it not for parallel crises unfolding globally, the Depression would have dampened America’s international power.
chapter: Chapter 6: The Early 1930s: Tenuous Times, Tax-Evading Titans