Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (18553)	4/29/2002 5:10:04 PM
From: Ilaine	Read Replies (2) of 74559

I think maybe I did not post this chart: mason.gmu.edu That's what is puzzling me. Roosevelt became president in March, 1933. He ordered the shutdown of all the banks in the country and only solvent banks were allowed to reopen (the Bank Holiday). He also suspended conversion of currency to gold, and outlawed private ownership of gold, the same month. Banks quit failing, capital formation went up. mason.gmu.edu mason.gmu.edu I will post more charts but haven't finished them.

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