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Leo Crowley
Leo Thomas Crowley (August 15, 1889 – April 15, 1972) was a senior administrator for President Franklin D. Roosevelt as the head of the Foreign Economic Administration. Previous to that he had served as chief of the Federal Deposit Insurance Corporation (FDIC) and as Alien Property Custodian. Crowley was a significant administrator, troubleshooter, and political operative for Roosevelt from 1934 to 1945. In 1943, Time magazine dubbed Crowley the "Nation's #1 Pinch Hitter," and one commentator called him FDR's "manager par excellence". Historians later discovered that late in the 1930s, senior Washington officials learned that Crowley had embezzled from his banks in Wisconsin in the 1920s and 1930s. This information was suppressed because of Crowley's political and administrative usefulness. Biographer Stuart Weiss wrote that Crowley's story is: the darker story of the businessman as speculator and embezzler, whose fraud was covered up in Wisconsin and Washington.... n ...
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Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds". Deposits placed wit ...
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Al Smith
Alfred Emanuel Smith (December 30, 1873 – October 4, 1944) was the 42nd governor of New York, serving from 1919 to 1920 and again from 1923 to 1928. He was the Democratic Party (United States), Democratic Party's presidential nominee in the 1928 United States presidential election, 1928 presidential election, losing to Herbert Hoover of the Republican Party (United States), Republican Party in a Landslide victory, landslide. The son of an Irish Americans, Irish American mother and a American Civil War, Civil War–veteran Italian Americans, Italian American father, Smith was raised on the Lower East Side of Manhattan, New York City, near the Brooklyn Bridge. He resided in that neighborhood for his entire life. Although Smith remained personally untarnished by Corruption in the United States, corruption, he—like many other New York Democrats—was linked to the notorious Tammany Hall political machine that controlled New York City politics during his era. Smith served in the ...
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James F
James may refer to: People * James (given name) * James (surname) * James (musician), aka Faruq Mahfuz Anam James, (born 1964), Bollywood musician * James, brother of Jesus * King James (other), various kings named James * Prince James (other) * Saint James (other) Places Canada * James Bay, a large body of water * James, Ontario United Kingdom * James College, a college of the University of York United States * James, Georgia, an unincorporated community * James, Iowa, an unincorporated community * James City, North Carolina * James City County, Virginia ** James City (Virginia Company) ** James City Shire * James City, Pennsylvania * St. James City, Florida Film and television * ''James'' (2005 film), a Bollywood film * ''James'' (2008 film), an Irish short film * ''James'' (2022 film), an Indian Kannada-language film * "James", a television episode of ''Adventure Time'' Music * James (band), a band from Manchester ** ''James'', ...
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Comptroller Of The Currency
The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to corporate charter, charter, bank regulation in the United States, regulate, and supervise all National bank (United States), national banks and Federal savings association, federal thrift institutions and the federally licensed branches and agencies of foreign banks in the United States. The acting comptroller of the currency is Rodney E. Hood, who took office on February 10, 2025. Duties and functions Headquartered in Washington, D.C., it has four district offices located in New York City, Chicago, Dallas and Denver. It has an additional 92 operating locations throughout the United States. It is an independent Government agency, bureau of the United States Department of the Treasury and is headed by the comptroller of the currency, appointed to a five-year term by the president w ...
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Henry Morgenthau Jr
Henry Morgenthau Jr. (; May 11, 1891February 6, 1967) was the United States Secretary of the Treasury during most of the administration of Franklin D. Roosevelt. He played the major role in designing and financing the New Deal. After 1937, while still in charge of the Treasury, he played the central role in financing the United States participation in World War II. He also played an increasingly major role in shaping foreign policy, especially with respect to Lend-Lease, support for China, helping Jewish refugees, and proposing (in the "Morgenthau Plan") measures to deindustrialize Germany. Morgenthau was the father of Robert M. Morgenthau, who was district attorney of Manhattan for 35 years; Henry Morgenthau III, an American author and television producer; and noted pediatrician Dr. Joan Morganthau Hirschhorn. He continued as Treasury secretary through the first few months of Harry Truman's presidency, and from June 27, 1945, to July 3, 1945, following the resignation of Secre ...
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Edward R
Edward is an English male name. It is derived from the Anglo-Saxon name ''Ēadweard'', composed of the elements '' ēad'' "wealth, fortunate; prosperous" and '' weard'' "guardian, protector”. History The name Edward was very popular in Anglo-Saxon England, but the rule of the Norman and Plantagenet dynasties had effectively ended its use amongst the upper classes. The popularity of the name was revived when Henry III named his firstborn son, the future Edward I, as part of his efforts to promote a cult around Edward the Confessor, for whom Henry had a deep admiration. Variant forms The name has been adopted in the Iberian peninsula since the 15th century, due to Edward, King of Portugal, whose mother was English. The Spanish/Portuguese forms of the name are Eduardo and Duarte. Other variant forms include French Édouard, Italian Edoardo and Odoardo, German, Dutch, Czech and Romanian Eduard and Scandinavian Edvard. Short forms include Ed, Eddy, Eddie, Ted, Teddy an ...
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Bank Run
A bank run or run on the bank occurs when many Client (business), clients withdraw their money from a bank, because they believe Bank failure, the bank may fail in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvency, insolvent. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank may acquire more cash from other banks or from the central bank, or limit the a ...
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New Deal
The New Deal was a series of wide-reaching economic, social, and political reforms enacted by President Franklin D. Roosevelt in the United States between 1933 and 1938, in response to the Great Depression in the United States, Great Depression, which had started in 1929. Roosevelt introduced the phrase upon accepting the Democratic Party (United States), Democratic Party's presidential nomination in 1932 before winning the election in a landslide over incumbent Herbert Hoover, whose administration was viewed by many as doing too little to help those affected. Roosevelt believed that the depression was caused by inherent market instability and too little demand per the Keynesian model of economics and that massive government intervention was necessary to stabilize and rationalize the economy. During First 100 days of the Franklin D. Roosevelt presidency, Roosevelt's first hundred days in office in 1933 until 1935, he introduced what historians refer to as the "First New Deal", ...
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William T
William is a masculine given name of Germanic languages, Germanic origin. It became popular in England after the Norman Conquest, Norman conquest in 1066,All Things William"Meaning & Origin of the Name"/ref> and remained so throughout the Middle Ages and into the modern era. It is sometimes abbreviated "Wm." Shortened familiar versions in English include Will (given name), Will or Wil, Wills, Willy, Willie, Bill (given name), Bill, Billie (given name), Billie, and Billy (name), Billy. A common Irish people, Irish form is Liam. Scottish people, Scottish diminutives include Wull, Willie or Wullie (as in Oor Wullie). Female forms include Willa, Willemina, Wilma (given name), Wilma and Wilhelmina (given name), Wilhelmina. Etymology William is related to the German language, German given name ''Wilhelm''. Both ultimately descend from Proto-Germanic ''*Wiljahelmaz'', with a direct cognate also in the Old Norse name ''Vilhjalmr'' and a West Germanic borrowing into Medieval Latin ''Wil ...
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Capital Times
''The Capital Times'' (or ''Cap Times'') is a weekly newspaper published Wednesday in Madison, Wisconsin, by The Capital Times Company. The company also owns 50 percent of Capital Newspapers, which now does business as Madison Media Partners. The other half is owned by Lee Enterprises (NYSE: LEE). ''The Capital Times'' formerly published paper editions Mondays through Saturdays. The print version ceased daily (Monday–Saturday) paper publication with its April 26, 2008 edition. It became a primarily digital news operation while continuing to publish a weekly tabloid in print. Its weekly print publication is delivered with the '' Wisconsin State Journal'' on Wednesdays and distributed in racks throughout Madison. History Early years ''The Capital Times'' began publishing as an afternoon daily on December 13, 1917, competing directly with the '' Wisconsin State Journal''. ''The Cap Times'' founder, William T. Evjue, previously served as managing editor and business manager of ...
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Progressivism
Progressivism is a Left-right political spectrum, left-leaning political philosophy and Reformism, reform political movement, movement that seeks to advance the human condition through social reform. Adherents hold that progressivism has universal application and endeavor to spread this idea to human societies everywhere. Progressivism arose during the Age of Enlightenment out of the belief that civility in Europe was improving due to the application of new Empirical evidence, empirical knowledge.Harold Mah''Enlightenment Phantasies: Cultural Identity in France and Germany, 1750–1914'' Cornell University. (2003). p. 157. In modern political discourse, progressivism is often associated with social liberalism, a left-leaning type of liberalism, and social democracy. Within economic progressivism, there is some ideological variety on the social liberal to social democrat continuum, as well as occasionally some variance on cultural issues; examples of this include some Christian ...
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