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Your people must have faith. In the 1920s, toledo was the Fastest Growing manufacturing city in america. In some, ways it was the Silicon Valley of today. The auto industry, cutting edge technologies, they were all centered here at the time. As a result, the Manufacturing Base was going gangbusters. Toledo seemed to be one of the brightest economic spots on the whole american map during a decade that was a decade of prosperity. Then, in 1931, the entire house of cards collapsed. And five of the six largest banks in toledo all failed at the same time. That made it the largest banking failure of the Great Depression. The Banking Industry here was perhaps more corrupt than other places. That contributed t ....
That the only thing we have to fear is fear itself. By the time Franklin Roosevelt gives his 199033 speech, a quarter of the nation is unemployed. 5000 banks have failed and drought is persisting in key agricultural areas of the country. You people must have faith. Coming up in the next hour, stories from the Great Depression as we take you around the country to places like around the country to places like toledo. The banking failure of the Great Depression. 26 for Infrastructure Projects of the times impacting us today. And to one ending in tragedy. We will take you to st. Paul where a depression era gangster and the corrupt police force strike a bargain. We will explore the impact of programs like the civilian conservation corps, as we go to kans ....