Mises Wire
Author:
Joseph T. Salerno
Online Publish Date:
The city of Chicago had the highest urban bank rate failure during the Great Depression. A new study by Dr. Natacha Postel-Vinay just published in the prestigious Journal of Economic History uncovers the link between Chicago’s huge real estate boom and bust during the 1920s and the failure of the majority of Chicago’s banks in the early 1930s. In