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View and explore all extracted claims from processed sources.

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Extracted Claims (29746)

When popular engagement with banking policy waxed so did financial regulation. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Regulation

Simplified: Increased public engagement with banking policy increased financial regulation.

0 sources

6 days ago
Only nine insured banks suspended operations in 1934. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Nine insured banks suspended operations in 1934.

0 sources

6 days ago
A federal guarantee of bank deposits became a central article of the Banking Act of 1933. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Regulation

Simplified: Federal guarantee of bank deposits became central to 1933 Banking Act.

0 sources

6 days ago
By the time Congress considered the idea seriously, much of the public was advocating for government banks and the nationalization of existing banks as the best course for banking reform. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Public advocated for government banks and nationalization during banking reform.

0 sources

6 days ago
On July 3, 1934, Mrs. Lydia Lobsiger received the first check that the FDIC issued to the depositor of a failed bank. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Lydia Lobsiger received first FDIC check on July 3 1934.

0 sources

6 days ago
It took the suspension of nine thousand banks in the early 1930s for guaranteed deposits to make real progress nationally. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Suspension of 9000 banks in early 1930s led to guaranteed deposits progress.

0 sources

6 days ago
The federal government’s assumption of this financial risk would require it to exercise greater oversight of banking operations. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Regulation

Simplified: Federal government assuming financial risk requires greater banking oversight.

0 sources

6 days ago
If depositors had no fear of losing their savings, then what advantage would honest bankers have over dishonest ones? 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Depositors without fear of loss would reduce advantage of honest bankers.

0 sources

6 days ago
If bankers were insured from loss, this argument contended, then what incentive would they have to eschew reckless business practices? 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Insured bankers would have less incentive to avoid reckless practices.

0 sources

6 days ago
His opinion conformed with the prevailing belief among bankers and academics that the concept of guaranteed deposits was fatally flawed. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Glass's opinion aligned with bankers and academics belief that guaranteed deposits were flawed.

0 sources

6 days ago
Glass had opposed this idea bitterly for decades, successfully removing such a program from the Federal Reserve Act twenty years earlier. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Regulation

Simplified: Glass opposed bank deposit guarantees and removed it from Federal Reserve Act.

0 sources

6 days ago
The government’s guarantee of bank deposits was likely even more pivotal to the decades of financial stability that followed. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Regulation

Simplified: Government guarantee of bank deposits was pivotal to financial stability.

0 sources

6 days ago
The popular outcry foiled Glass’s attempt to exempt private banks from regulatory reform, and the separation of investment banking from commercial banking became a cornerstone of the Banking Act of 19... 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Regulation

Simplified: Popular outcry foiled Glass's attempt to exempt private banks from reform. Separation of banking became cornerstone of 1933 Banking Act.

0 sources

6 days ago
Elected officials in Washington also recognized that voters wanted reforms to prevent any recurrence of the recent banking disaster. 0.900

👤 The author 📋 Historical Article 🏷️ Politics , Finance

Simplified: Elected officials recognized voters wanted reforms to prevent banking disaster recurrence.

0 sources

6 days ago
Ivy Lee advised Winthrop W. Aldrich, chairman of Chase National Bank, to follow this course of action. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Ivy Lee advised Winthrop W. Aldrich to divorce investment affiliates.

0 sources

6 days ago
Pausing banking transactions allowed the incoming administration to execute a successful rescue plan for the banks. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Pausing banking transactions allowed a successful bank rescue plan.

0 sources

6 days ago
Large Wall Street banks submitted to the tide of public opinion and preemptively announced their intentions to divorce their investment affiliates. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Large Wall Street banks announced intentions to divorce investment affiliates due to public opinion.

0 sources

6 days ago
The thousands of bank failures that followed the Great Crash of 1929 finally had collapsed the entire system. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Thousands of bank failures after 1929 Great Crash collapsed the banking system.

0 sources

6 days ago
Negative popular opinions about bankers were further inflamed due to the nationwide bank holiday that Roosevelt announced immediately after entering office. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Roosevelt's bank holiday inflamed negative opinions about bankers.

0 sources

6 days ago
The investigation further revealed that Mitchell had awarded himself millions in bonuses and unpaid loans. 0.900

👤 The author 📋 Historical Article 🏷️ Finance , Banking

Simplified: Mitchell awarded himself millions in bonuses and unpaid loans.

0 sources

6 days ago