Ever wondered about the big plaque of Alexander Hamilton near Dupont Circle?
Ever wondered about the big plaque of Alexander Hamilton near Dupont Circle?
- August 27, 2016
- Gary Richardson, economist, via The Washington Post, Aug. 27, 2016
Shortly after taking office in 1933, Franklin Roosevelt shut down all commercial banks for a week − the “national banking holiday.” The idea, said Gary Richardson, an economics professor at the University of California, Irvine and former historian of the Federal Reserve, was to give the government time to figure out how to address the problem, deciding which banks were strong enough to reopen and which had to be liquidated.
For the full story, please visit https://www.washingtonpost.com/local/ever-wondered-about-the-big-plaque-of-alexander-hamilton-near-dupont-circle/2016/08/27/6088d94a-6ad2-11e6-99bf-f0cf3a6449a6_story.html.
Share on:
Related News Items
- The rise of the regional Fed speech
- Why are Federal Reserve regional banks listed on U.S. currency?
- What happens when $2 trillion is sucked out of the global economy? It may not be pretty
- The Fed could be on the verge of repeating its 1970s mistake, Fed historian says
- Ron DeSantis' baseless theory that the government wants to control people's purchases
connect with us