Tag: May 1933
Crime Wave in the Capitol: Steagall’s Gold Standard Gamble
Washington D.C., May 26, 1933 – In a shocking turn of events, President Roosevelt has requested Chairman Steagall of the House Banking Committee to introduce a resolution that would take the United States off the gold standard, a move that could have far-reaching consequences for the nation’s economy. While this decision may seem like a…
State Touts Beer Battle: Draught Sales on the Line
In a high-stakes showdown, the state of Indiana is set to take on a Lake County court order that’s been quashing the sale of draught beer. The battle began on May 17, 1933, when Judge E. Miles Norton issued an injunction, protecting the sale of draught beer by John Tenkely, a Chicago city councilman, on…
Wall Street’s Mighty Fall: Charles E. Mitchell Faces Tax Evasion Charges
It’s a day of reckoning on Wall Street as Charles E. Mitchell, the once-mighty head of the National City Bank, stands trial for tax evasion. In a stunning move, Federal Attorney George Z. Medalie has revealed that a string of high-profile financiers will be called to testify against Mitchell, who is accused of dodging $38,429…
