Wednesday the thirtyeh
Lovely in the morning, but clouded up in the p.m. Edith washed a blanket + some other things also a coat for Audrea which she is going to make over.
NOTES + EXPLANATIONS
On this day in history: March 30, 1927 (Wednesday)
Shōwa financial crisis: Following the worst financial panic in that nation’s history, Japan‘s Diet passed an emergency banking law, the Ginko Ho, immediately increasing the amount of capital that banks were required to keep in reserve. As a result, the number of banks decreased over the next five years from 1,417 to 680 and Japan’s five largest banks (Mitsui, Mitsubishi, Sumitomo, Yasuda and Dai-Ichi) doubled their share of the nation’s deposits, from 17% to 31%.
Coal mine explosions in Pennsylvania and Illinois killed five and eight miners respectively, but hundreds more were rescued the next day after being trapped underground. At Ehrenfeld, Pennsylvania, it appeared that nearly 500 miners had been trapped, but all but five came out the next day. An explosion the same day near Ledford, Illinois trapped 300 men, but all but 8 were saved.
ORIGINAL DIARY PAGES:
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