In early October 1931, in the middle of a worldwide economic depression, the U.S. banking system was in crisis - with bank suspensions running at near record amounts. At precisely the same time, the broader market was sputtering, and U.S. gold reserves had come under intense pressure after Britain abandoned its gold standard in mid-September.
The Federal Reserve and the Banking Crisis of 1931 case study solution
As pressure continued to build, the leaders of the Federal Reserve confronted several crucial decisions. Should they fix interest rates? Was abandoning the gold standard an appropriate option? Should they give more freely to the nation's commercial banks? Or would this just ensure the types of financial surplus that had gotten the country into trouble in the first place? Was it time to hold firm, or to give in to the mounting pressure?
PUBLICATION DATE: January 20, 2009 PRODUCT #: 709040-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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