Because in the bank crash of 32 there wasn't a program to buy up banks. Banks went out of business, and depositors lost all or most of their money. One result was that GM had to start a bank - the National Bank of Detroit, so that employees had a place to cash paychecks. GM had been paying employees in cash. There were only a couple of banks in Michigan that survived the depression. Prior to the crash, Michigan had more banking activity than Chicogo, but after the crash, Detroit never caught up to the Windy city. My Grandfather told me that when Wall street fell, nobody seemed to care. But when the banks closed, they thought the world was ending.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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