"Phantom of Fear"

Regular price €44.99
50-100
A01=Robert Lynn Fuller
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Author_Robert Lynn Fuller
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Category1=Non-Fiction
Category=HBJK
Category=KCZ
Category=KFFK
Category=NHK
COP=United States
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eq_business-finance-law
eq_history
eq_isMigrated=2
eq_non-fiction
Language_English
NC
PA=Available
political
Price_€20 to €50
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softlaunch

Product details

  • ISBN 9780786465101
  • Weight: 499g
  • Dimensions: 178 x 254mm
  • Publication Date: 13 Dec 2011
  • Publisher: McFarland & Co Inc
  • Publication City/Country: US
  • Product Form: Paperback
  • Language: English
Delivery/Collection within 10-20 working days

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In March 1933, in one of his first acts as president, Franklin Delano Roosevelt declared a bank holiday throughout the United States. Considered by many to be a bold step to curb the mounting bank crisis, the decree closed banks in all 48 states and overseas territories, putting money out of reach of citizens, businesses and all levels of government. This narrative history recounts and explains the economic, financial and political backgrounds of the banking panic, arguing that the holiday was not only unnecessary but actually damaging to the economy. The holiday did, however, provide Roosevelt with the momentum to push through a series of historic reforms that remade the federal government. This revisionist work not only reveals the circumstances around the panic but debunks numerous myths that have clung to it ever since.

Robert Lynn Fuller has taught history at colleges and universities in Virginia, Maryland, and South Carolina. He lives in Richmond, Virginia.