Breaking the Banks in Motor City

Breaking the Banks in Motor City

Author: Darwyn H. Lumley

Publisher: McFarland

Published: 2009-09-12

Total Pages: 203

ISBN-13: 0786454148

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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.


The Lost Bank

The Lost Bank

Author: Kirsten Grind

Publisher: Simon and Schuster

Published: 2013-07-16

Total Pages: 401

ISBN-13: 1451617933

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Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual.


The World According to Fannie Davis

The World According to Fannie Davis

Author: Bridgett M. Davis

Publisher: Little, Brown

Published: 2019-01-29

Total Pages: 253

ISBN-13: 0316558710

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As seen on the Today Show: This true story of an unforgettable mother, her devoted daughter, and their life in the Detroit numbers of the 1960s and 1970s highlights "the outstanding humanity of black America" (James McBride). In 1958, the very same year that an unknown songwriter named Berry Gordy borrowed $800 to found Motown Records, a pretty young mother from Nashville, Tennessee, borrowed $100 from her brother to run a numbers racket out of her home. That woman was Fannie Davis, Bridgett M. Davis's mother. Part bookie, part banker, mother, wife, and granddaughter of slaves, Fannie ran her numbers business for thirty-four years, doing what it took to survive in a legitimate business that just happened to be illegal. She created a loving, joyful home, sent her children to the best schools, bought them the best clothes, mothered them to the highest standard, and when the tragedy of urban life struck, soldiered on with her stated belief: "Dying is easy. Living takes guts." A daughter's moving homage to an extraordinary parent, The World According to Fannie Davis is also the suspenseful, unforgettable story about the lengths to which a mother will go to "make a way out of no way" and provide a prosperous life for her family -- and how those sacrifices resonate over time.


A Great Moral and Social Force

A Great Moral and Social Force

Author: Tim Todd

Publisher:

Published: 2022-01-03

Total Pages:

ISBN-13: 9780974480961

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This publication offers a historical consideration of Black banking in the United States by focusing on some of the key individuals, banks and communities. While it is in no way a comprehensive history, it does include background that is essential to understanding each financial institution, its time, the events that led to its creation and the community of which it was not only a vital part, but very often a leader. Much of this history frames the world we find today.


A Detroit Story

A Detroit Story

Author: Claire W. Herbert

Publisher: Univ of California Press

Published: 2021-03-16

Total Pages: 315

ISBN-13: 0520974484

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Bringing to the fore a wealth of original research, A Detroit Story examines how the informal reclamation of abandoned property has been shaping Detroit for decades. Claire Herbert lived in the city for almost five years to get a ground-view sense of how this process molds urban areas. She participated in community meetings and tax foreclosure protests, interviewed various groups, followed scrappers through abandoned buildings, and visited squatted houses and gardens. Herbert found that new residents with more privilege often have their back-to-the-earth practices formalized by local policies, whereas longtime, more disempowered residents, usually representing communities of color, have their practices labeled as illegal and illegitimate. She teases out how these divergent treatments reproduce long-standing inequalities in race, class, and property ownership.


The Exchange Artist

The Exchange Artist

Author: Jane Kamensky

Publisher: Penguin

Published: 2008-01-24

Total Pages: 476

ISBN-13: 1101202777

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The riveting story of the country's first banking scandal in the first decades of the American republic This enthralling historical narrative of the birth of speculative capitalism in America opens in the 1790s when financial pioneer-turned-confidence-man Andrew Dexter, Jr. created a pyramid scheme founded on real estate speculation and the greed of banks, who freely printed the paper money he needed to finance the then tallest building in the United States-the Exchange Coffee House, a 153-room, seven-story colossus in downtown Boston. The story of Dexter's rise and eventual collapse offered an object lesson to the rising young nation, and presents striking parallels to the subprime mortgage meltdown and looming economic collapse of today.