Word: maligned
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Dates: during 1931-1931
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Causes. "The main causes of this Depression came from outside the U. S. . . . our wild speculation, our stock promotion, our loose and extravagant business methods, our unprecedented drought . . . the malign inheritances of the Great War . . . huge taxes . . . mounting armament . . . over-rapid expansion of production, collapse in price of many foreign raw materials ... the demonetization of silver...
Simultaneously another deal emerged from the conference. It was a deal long-rumored, without malign significance. Central Trust Co. of Illinois, long known as "The Dawes Bank" because its honorary chairman is Ambassador Charles Gates Dawes, announced it would merge with The National Bank of the Republic. The new Central Republic Bank & Trust will have resources of $350,000,000. Its existence will please the Continental Illinois and First National Banks, both of whom are said to have long-wished for a third big bank in Chicago. Not included in the deal were six small banks connected with the Foreman...