Breaking The Banks In Motor City

This history tells the relatively unknown story of how the Detroit automobile industry played a major role in the 1933 banking crisis and the subsequent New Deal reforms that drastically changed the financial industry. Spurred by failed decision making and conflicts of interest by automobile industry leaders, Detroit banks experienced a critical emergency, precipitating the federal closure of banks on March 4, 1933, the first in a series of actions by which the federal government acquired power over economics previously held by states and private industrial and financial interests.

Tracing two centuries of rise, fall, and rebirth in the heart of downtown Detroit. Downtown Detroit is in the midst of an astonishing rebirth. Its sidewalks have become a dreamland for an aspiring creative class, filled with shoppers, office workers, and restaurant-goers. Cranes dot the skyline, replacing the wrecking balls seen there only a few years ago. But venture a few blocks in any direction and this liveliness gives way to urban blight, a nightmare cityscape of crumbling concrete, barbed wire, and debris. In Dream City, urban designer Conrad Kickert examines the paradoxes of Detroit's landscape of extremes, arguing that the current reinvention of downtown is the expression of two centuries of Detroiters' conflicting hopes and dreams. Kickert demonstrates the materialization of these dreams with a series of detailed original morphological maps that trace downtown's rise, fall, and rebirth. Kickert writes that downtown Detroit has always been different from other neighborhoods; it grew faster than other parts of the city, and it declined differently, forced to reinvent itself again and again. Downtown has been in constant battle with its own offspring—the automobile and the suburbs the automobile enabled—and modernized itself though parking attrition and land consolidation. Dream City is populated by a varied cast of downtown power players, from a 1920s parking lot baron to the pizza tycoon family and mortgage billionaire who control downtown's fate today. Even the most renowned planners and designers have consistently yielded to those with power, land, and finances to shape downtown. Kickert thus finds rhyme and rhythm in downtown's contemporary cacophony. Kickert argues that Detroit's case is extreme but not unique; many other American cities have seen a similar decline—and many others may see a similar revitalization.

Intended for AP-focused American history high school students, this book supplies a complete quick reference source and study aide on the Great Depression and New Deal in America, covering the key themes, events, people, legislation, economics, and policies. The Great Depression and the New Deal remain key topics in American History that come up often as testing subject material. This book—comprising an introduction, encyclopedic A–Z entries, a chronology, thematic tagging, more than a dozen primary sources, Advanced Placement (AP) exam resources, and a bibliography—provides a complete resource for studying the themes, events, people, legislation, economics, and policy of the Great Depression and New Deal in America. It is ideally suited as a study resource for high school students studying to take the AP U.S. history course as well as undergraduates taking an introductory U.S. History survey course. The Great Depression and the New Deal: Key Themes and Documents supplies an easy-to-use guide to the central concepts, themes, and events of a pivotal era in American history that presents the Great Depression and New Deal in 10 thematic categories. While the focus of this book is on the AP course content itself rather than on the exam, it also features exam preparation-specific content, such as a sample documents-based essay question, a list of "Top Tips" for answering documents-based essay questions, and period-specific learning objectives that are in alignment with the new fall 2014 AP U.S. History curriculum framework.

The early decades of the twentieth century sparked the Detroit-Windsor region's ascendancy as the busiest crossing point between Canada and the United States, setting the stage for socioeconomic developments that would link the border cities for years to come. As Holly M. Karibo shows, this border fostered the emergence of illegal industries alongside legal trade, rapid industrial development, and tourism. Tracing the growth of the two cities' cross-border prostitution and heroin markets in the late 1940s and the 1950s, Sin City North explores the social, legal, and national boundaries that emerged there and their ramifications. In bars, brothels, and dance halls, Canadians and Americans were united in their desire to cross racial, sexual, and legal lines in the border cities. Yet the increasing visibility of illicit economies on city streets—and the growing number of African American and French Canadian women working in illegal trades—provoked the ire of moral reformers who mobilized to eliminate them from their communities. This valuable study demonstrates that struggles over the meaning of vice evolved beyond definitions of legality; they were also crucial avenues for residents attempting to define productive citizenship and community in this postwar urban borderland.

A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street. In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead. The Hellhound of Wall Street provides a minute-by-minute account of the ten dramatic days when Pecora turned the hearings around, cross- examining the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best known bankers of his day. Mitchell strode into the hearing room in obvious disdain for the proceedings, but he left utterly disgraced. Pecora's rigorous questioning revealed that City Bank was guilty of shocking financial abuses, from selling worthless bonds to manipulating its stock price. Most offensive of all was the excessive compensation and bonuses awarded to its executives for peddling shoddy securities to the American public. Pecora became an unlikely hero to a beleaguered nation. The man whom the press called "the hellhound of Wall Street" was the son of a struggling factory worker. Precocious and determined, he became one of New York's few Italian American lawyers at a time when Italians were frequently stereotyped as anarchic criminals. The image of an immigrant lawyer challenging a blue-blooded Wall Street tycoon was just one more sign that a fundamental shift was taking place in America. By creating the sensational headlines needed to galvanize public opinion for reform, the Pecora hearings spurred Congress to take unprecedented steps to rein in the freewheeling banking industry and led directly to the New Deal's landmark economic reforms. A gripping courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history.

A chronological history of the United States District Court for the Eastern District of Michigan, from its beginnings in the 1830s to the present.

"A brilliantly conceived dual-track account of the two greatest economic crises of the last century and their consequences"--

This groundbreaking and innovative text demonstrates how "method" can be understood in much broader and more interesting ways.