U.S. Savings and Loan in The 20th Century
The savings and loan association became a strong force in the early 20th century through assisting people with home ownership, through mortgage lending, and further assisting their members with basic saving and investing outlets, typically through passbook savings accounts and term certificates of deposit.
The savings and loan associations of this era were famously portrayed in the 1946 film It's a Wonderful Life.
Read more about this topic: Savings And Loan Association
Famous quotes containing the words loan and/or century:
“Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
This above all: to thine own self be true,
And it must follow, as the night the day,
Thou canst not then be false to any man.”
—William Shakespeare (1564–1616)
“O divine art of sublety and secrecy! Through you we learn to be invisible, through you inaudible and hence we can hold the enemy’s fate in our hands.”
—Sun Tzu (6th–5th century B.C.)