Word: panic
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Dates: during 1930-1939
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...loaned by "others." But long before this the practice was criticized by conservatives, disliked by the banks. The money market, said conservatives, was too dependent on nonbanking money. Banks saw their own field invaded, a source of big profit for them in the hands of "others." During the stockmarket panic of 1929 conservatives felt justified as the "bootleg" loans tumbled from $3,907,000,000 on Oct. 2 to $1,548,000,000 at the end of December. Loans by banks fell $1,021,000,000 in this time, would have been more had they not been forced to close...
...Politicians of the Harding-Coolidge era (1921-29) the phrase "Dollar Wheat" was the sorriest raven-croak of agricultural depression. It suggested unpaid mortgages, political revolts, elections lost. When in July, 1923, wheat dropped to 96^ per bu. there was something akin to panic in Republican Washington, with wild talk that a Republican could not be elected President the following year...
Gold Hoarders. Nervous Poles, who have hoarded U. S. banknotes, recently exchanged them by the million in unreasoning panic for Polish banknotes. Not exactly pleased with themselves, the Poles next took a tip from Frenchmen, began buying U. S. gold pieces. Last week this trend made Polish bankers simply wild...
...handed each bill to Mrs. Wood who examined it minutely, passed it for further scrutiny to her sister, Miss Mary E. Mayfield, to her daughter Emma and to the hotel manager. When all had nodded approval, the sum was noted as paid. In 1907, thoroughly frightened by the financial panic, Mrs. Wood drew all her money out of the banks, virtually disappeared with her daughter and sister...
...seven weeks, the Bank of England $779,000,000 in a fortnight. If last week's rate of decline in the Reserve ratio were maintained the legal limit of 40% would be reached in the next four weeks. Were the legal minimum exceeded there would be a currency panic, even perhaps suspension of gold payments...