The banking reforms of Franklin Roosevelt’s New Deal brought savings and loans under Federal supervision and insured the shares of their stockholders. Thus, few banks or S & Ls could survive a mass withdrawal by their depositors.
Banks and S & Ls made their money by lending their depositors’ funds to others. Banks that were unable to meet this demand failed. Banks were subject to “runs” in which many of their depositors demanded all of their deposits back. Originally, savings and loans restricted themselves to lending money for the purchase of houses.ĭuring the Great Depression (1929 – 1940) the banking industry was very unstable. Account holders were called members and had the right to vote in the selection of directors as their representatives to operate the business. Most savings associations were mutual organizations, owned by those who had deposits. The term “building & loan,” used in the film, is a less frequently employed name for an S & L. At one point, savings and loans financed the purchase of more homes nationwide than any other type of financial institution. By 1890, S & Ls could be found in all U.S. They accepted savings from individuals and reinvested those funds by lending them to people who wanted to build or buy homes. By the mid-1800s, permanent savings and loan associations had been established to serve the average citizen. in 1831, when a building society was started in Frankford, Pennsylvania. Beginning in the late 1700s, groups of workingmen would make regular payments to the societies which would provide money to the members for use in building houses. Savings and Loans (S & Ls) developed from the building societies of Great Britain. He has a lifelong competition with the town’s richest businessman who, despite his vast wealth, will do anything to make another buck. He makes sure that the S & L is operated for the benefit of its members and serves the interests of the community. Bailey, as head of the town’s savings and loan association, keeps his own salary at a reasonable level.
Wonderful world movie movie#
This movie contains valuable lessons for the 21st century, especially in these days of rampant corporate and business greed. Finding the right balance between self-fulfillment and dedication to others is a major developmental task, indeed, it is a challenge for all age groups. In the view of this film, a wonderful life depends upon family, friends and having an honest job that contributes to the community.
In addition, it presents the counterargument to the contention that young people should follow their own star, leave the community in which they grew up, and go out into the world. “It’s a Wonderful Life” teaches that everyone can make a difference by living a responsible, caring life.
Wonderful world movie series#
Originally hosted by Walt Disney himself, the original format of the Disney anthology series consisted of a balance of theatrical animated cartoons, live-action features, and other informational material (some original, some pre-existing) from the studio's library. However, Hallmark Hall of Fameaired as a weekly program during its first five seasons before becoming a bi-monthly program, while Disney remained a weekly program for more than 40 years. The show is the second longest running prime-time program on American television, behind rival film anthology, the Hallmark Hall of Fame. The same basic series has since appeared on several major networks. The Wonderful World of Disney sometimes called "Walt Disney's Wonderful World of Color" premiered on ABC on Wednesday, October 27, 1954.
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