Economics Commons^™

Real Hedging, Lester G. Telser

Lester G Telser

No abstract provided.

Reconstruction Finance Corporation And The Great Depression Iii, Lester G. Telser

Lester G Telser

The Reconstruction Finance Corporation And The Great Depression: How Good Intentions Led To Calamity I, Lester G. Telser

Lester G Telser

An ordinary recession starting in late spring 1929 became the Great Depression in winter 1933 owing to the collapse of the banking system, an unintended consequences of the well-intentioned Reconstruction Finance Corporation. This Federal corporation had ample resources it could lend to distressed banks, even those outside the Federal Reserve System. After the Democratic victory in November 1932. Garner, Vice-President-elect and still Speaker of the House in January 1933, set in motion events that turned the RFC into the unwitting spring of economic disaster. During the New Deal the RFC’s preferred stock program gave it substantial control over private banks …

Reconstruction Finance Corporation And The Great Depression:Ii, Lester G. Telser

Lester G Telser