{"title":"The Little Bank That Could: An Examination of the Historical and Financial Records of One Bank That Survived the Great Depression","authors":"Eric D. Bostwick","doi":"10.2308/AAHJ-52528","DOIUrl":null,"url":null,"abstract":"\n Founded in 1910, The First National Bank of Oxford had been in existence for only about 20 years when the Great Depression struck. While other banks failed, this small bank in rural Mississippi survived, and it is still in operation today as FNB Oxford Bank. But beyond merely surviving, the First National Bank of Oxford appears to have thrived in this harsh financial climate: it doubled the balance of its individual depositors' accounts in the midst of the darkest months of the Great Depression. Using historical documents and extant accounting records, this paper examines how the First National Bank of Oxford was able to persist and prosper through the Great Depression.\n JEL Classifications: E02; G01; G21; G33; M41; N21.\n Data Availability: Data are available from the public sources cited in the text.","PeriodicalId":1,"journal":{"name":"Accounts of Chemical Research","volume":null,"pages":null},"PeriodicalIF":16.4000,"publicationDate":"2019-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounts of Chemical Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2308/AAHJ-52528","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 0
Abstract
Founded in 1910, The First National Bank of Oxford had been in existence for only about 20 years when the Great Depression struck. While other banks failed, this small bank in rural Mississippi survived, and it is still in operation today as FNB Oxford Bank. But beyond merely surviving, the First National Bank of Oxford appears to have thrived in this harsh financial climate: it doubled the balance of its individual depositors' accounts in the midst of the darkest months of the Great Depression. Using historical documents and extant accounting records, this paper examines how the First National Bank of Oxford was able to persist and prosper through the Great Depression.
JEL Classifications: E02; G01; G21; G33; M41; N21.
Data Availability: Data are available from the public sources cited in the text.
期刊介绍：
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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