Sleeping beauty real story

Post about Sleeping beauty real story…

With his help, the Sleeping Princess, the Tale ofTales, theSleepingBeauty. The story of the Great Depression starts with Andrew Mellon, an investment banker who was once a partner at J. He is credited with having made large financial contributions during the period just before the Depression struck, which helped stabilize many American businesses and keep the stock market afloat. After the stock market crashed, Mellon and other financial executives and bankers were charged with providing a bailout. He was never found guilty, but he did lose some of his financial holdings because of his association with the government. He had, in fact, become very wealthy in the 1920s through the Morgan interests before they had fallen into financial ruin. Andrew Mellon was not the only banker to get rich during the Depression. Many bankers and businessmen had their wealth rise during the crisis, as did the overall economy. But it was Mellon who was the first, and most important, to be arrested and publicly shamed, thanks almost certainly to a powerful and influential president with a history of corruption. That president was Franklin Delano Roosevelt, who was elected to the U. In addition to helping to bail out banks, he also served as both governor and lieutenant governor of New York State. He was a Democrat who ran as a social liberal, and often railed against the anti-semitism of the Republican Party. Roosevelt was elected president in 1932 and immediately installed a new secretary of the Treasury, the former banker Harry Hopkins, who had served as Mellons successor at J. The two men never met, but Roosevelt liked the bankers background, Hopkins was charged in January 1933 with failing to act on evidence that J. Morgan, which had been rescued by Mellon, had tried to sell an investment in the American Express Co. For a significantly higher price than Morgan really would have paid. The evidence was presented by three people, two of whom had ties to Morgan; the third, the chairman of a mutual fund company, never showed up to testify In July of 1933, President Roosevelt appointed former U. Attorney General Charles Evans Hughes to lead an investigation, which led to the filing of a number of charges against individuals such as the Mellon family, the head of Standard Oil Co and a leading Morgan partner. Although Hopkins had refused to prosecute Morgan and others, President Roosevelt had.

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