Henry Ford And The Agricultural Depression Of 1920-1920

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I plan to use the "The New Era" from the Yawp page provided by Professor Dr. Andrew Baker, along with the “The Problem of National Bank Liquidity in the Crisis and Depression, 1920-1921" and the final document will be “Henry Ford and the Agricultural Depression of 1920-1923.” With theses three documents I will be able to discuss the main concern about the New Era and the 1920’s along with its depression. Also how the Stock Market Crash had initially and eventually led up to the depression that occurred in the 1920s. As well as bringing up the topic that has to do with the Banks in the United States that occurred in the late 1920s. And how they changed numerous of things all around. People became unemployed as well as the Bank had to close …show more content…

There was a lot of racial things going on at the time. As well as immigrants coming into the United States. There were members forming the Ku Klux Klan, making the Americans fight with each other for their beliefs as well as their values they had. In the whole decade of 1920 there was no normalcy and was full of tension as well as the rivalry that the Americans had in Europe. In the second article, “THE PROBLEM OF NATIONAL BANK LIQUIDITY IN THE CRISIS AND DEPRESSION, 1920-I921” is talking about how the bank is able to liquidate and unexpectedly drain the cash resources. The bank has a variety of deposits that are either cash, checks or other banks and the deposit of a proceeding of a loan. With the loan there is an interest rate that is added to the loan. After not paying the loan the bank is allowed to liquidate the account if need be. For example in December 31, 1914 the percentage of an individual demand deposit in national banks was 22.5 or 10.3 percent of the total. But then eight years later on December 21, 1921 the time deposit went up to 43.5 percent and the total liabilities is 19.2. The numbers changed over just eight years. On November, 1920 the loans were expanding and the prices were breaking. Then the loans were being liquidating with the downward of the …show more content…

The correspondents had began to withdraw their funds. They had several locations other than New York City. Table II shows that the state bank and all the trust companies had withdrew funds from New York City by taking out $96,000,000 and $258,500,000 this was from May 4, 1920 to November 15, 1920 in just six months there was millions taken out of the banks. New York being again one of the top cities. The rest fell under negatives of the National banks all put together. New York was the top of State Banks Etc., Individual Demands Deposits, Time and Government Deposits, and lastly Net Amount on Which Reserve in Computed. The banks are able to liquidate any

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