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How were farmers and banks connected in the 1930s? - Home Work Help

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How were farmers and banks connected in the 1930s? – Home Work Help

How were farmers and banks connected in the 1930s?

A) Banks made money, and then farmers lost their farms.B) Banks lost money, and then farmers lost their farms.C) Farmers expanded their farms, and then banks made money.D) Farmers lost their farms, and then banks lost money.

1930s | Timeline | Virtual Museum and Archive of the History of...

1930s | Timeline | Virtual Museum and Archive of the History of… – Get Connected. The U.S. Banking Act of 1933, known as the Glass-Steagall Act after its Congressional sponsors – U.S. Senator Carter Glass (D-VA) and U.S. Representative The SEC's role in corporate bankruptcies was later circumscribed by Congress in the Bankruptcy Reform Act of 1978.(2) Banking panics in the early 1930s caused many banks to fail, decreasing the pool of money available for loans. How did the Great Depression affect the American economy? In the United States, where the Depression was generally worst, industrial production between 1929 and 1933 fell…i have looked all over the internet and i cant find an answer. i am writing a research paper on migrant farm workers and need to know what issues they I made solid money doing it and became in great shape. numerous of my acquaintances have taken over their mom and dad farms and have the ability…

Great Depression | Definition, History, Dates, Causes… | Britannica – Страницата, на която бяхте се опитва да Ви изпрати към https://mybestdeal.org/how-were-farmers-and-banks-connected-in-the-1930s/. Ако не желаете да посетите тази страница, можете да се върнете на предишната страница.Answer:{The answer is below.}Explanation:In the 1930's, many farmers lost their farms, and the banks lost their The farmers had a hard time, and these problems started growing in the 1930s. After the stock market crash, many businesses had to be shut down, and a lot of workers lost their jobs.This should not be confused with the banking crisis of 1927 (previous lecture). In the 1930s, political and intellectual thinking gradually shifted from economic liberalism toward more economic control under state Smaller "proletariat parties" also emerged with farmers and workers as the support base.

Great Depression | Definition, History, Dates, Causes... | Britannica

what issues did migrant farm workers face in the 1930's? – First off it is useful to see who are the "inclusive" capitalists joining forces with the Pope and Vatican. The founder is a lady who carries the name Lady Lynn Carney is also a Board member of the Davos World Economic Forum, the public promoter of the Global Reset of capitalism to impose the dystopian…The bank in danger of failure merged with the other. Gresham resident Walter Schmitt (right) remembers the deadly consequences for the owner of Some economists and historians have argued that the bank crisis caused the Great Depression. But others have looked at fundamental economic…BANKING PANICS (1930-1933)More than nine thousand banks failed in the United States between 1930 and 1933, equal to How was that possible? Did the fault lie in imperfect legislation creating the Fed or was Fed leadership culpable? Friedman and Schwartz attributed panics to inept Fed leadership.

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Local Currency: Then and Now, Part 2, THEN – Traverse City, like many other communities in Michigan had its own script in 1933.
At that time Traverse City was in a very hard place. The unemployment rate in Michigan was 36%. Times were terrible and people were scared and people began to try to get their money out of the bank because they thought the banks are going to fail. They’d keep their money under the mattress literally and of course what would that do to business? No money circulating, business goes down and everything else goes too. So this was a time of terrible anxiety, 1933. One source of information I used was this article from, get this, the numismatist copyright 1949, called Michigan depression script of the 1930s, and this tells you all the communities, has pictures of the script that was used in each community and come to find out practically every town of any size in Michigan had a script, and by the way the word script, it's changed meanings. Well, I'll give you a formal definition and this is what they say; Webster defines script as “a certificate of indebtedness in the form of a promise to pay, issued to circulate in lieu of government currency.” So it's a sort of an I-O-U you. That's the way I would look at it. Now, I read articles in the Record Eagle about script that was distributed in this town in the thirties and I checked to see if our own History Center had some script and they did! They had 1 one dollar example of script. This script would be issued in denominations of 50 cents and 1 dollar. The city would issue Two thousand dollars of script to begin with… With the possibility of more being printed in the future. Now two thousand doesn't sound like much, but you gotta remember there's a multiplier. Two thousand dollars back then, you know it would be equivalent probably now to fifty thousand, maybe forty to fifty thousand dollars. “The city would issue two thousand dollars of script to begin with, with the possibility of more being printed in the future. Now get this, 150 unemployed men would receive

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per day in script, a sum that equates to about 32 dollars per day of today’s money. So, in Traverse City, they didn't just issue script as a way of increasing the amount of money in circulation, they connected it to social welfare. They understood that unemployment was a serious problem here and they thought “How can we give them some kind of work and at the same time give them money to support their families?” The 3rd thing, “workers would be paid in script for doing municipal work such as cleaning out the Boardman River, restoring embankments along the river and improving Clinch Park.” And yeah there were a lot of stories in the Record Eagle just over here by the bridge, how they were pulling wagons from the 1890s out of that pool and there were sunken logs and oh they found all kinds of treasures that weren’t worth anything, but they were a mess and of course some people in town would say “Aww that’s just make-work” you know “they're doing anything valuable” well… I’d argue that. I'd say that the work they did had value. “Script will be treated as regular money by businesses that elect to participate.” The businesses that elected to participate, there were 98 of them. City Light and Power, you could pay your electric bill in script! The city bookstore, that was a big one. They had a lot of customers. Bakeries, Burel’s jewelry store, Aaron Berger Grocery, which was a big one. Grand Traverse Auto Company. If your car needed fixing, you could pay with script. The Globe Department Store, which was downtown, Hamilton Clothing, Ideal Cleaners, Caselca’s Grocery, Lyric Theater, the equivalent of the State Theater, would accept script. Millikan’s, the fanciest department store in town. Olsen's Grocery, would accept script, in fact the title to my article “A good thing for the community” … well that's a quote from Jerry Olson who said “we accept Traverse City’s script because we think it is a good thing for the community.” This community, in the 30s, stood together. There wasn't the division that you’ll see now between half the population thinking government is a terrible thing And half thinking that the government is the answer to all our questions. Script was different back then because the business people supported it, the local leaders supported it and that's why it was so successful. There it is! FDR, one dollar and sign by the city treasurer. Now the way these were distributed ultimately the merchants paid for them. In this way… “script would be treated as regular money by businesses that elect to participate” and there were 100 of them. “In an effort to ensure that script is circulated freely a special two cent stamp is to be affixed to the back of each bill, initialed and dated by each participating business a new stamp must be added every week if what week is missed two stamps must be affixed. There were 52 spaces for these stamps. Well let's see, 52, each one is worth 2 cents. That’s a dollar and four cents. It took four times two to buy the stamps. Who paid for the stamps? The merchants that agreed to accept the money. So these 98 businesses, nearly 100 of them, they purchased the stamps and now those workers who laid out the Boardman River who were paid by the city in the script they would take the script to Olsen’s, let's say, they buy their groceries. Olson's would he accept this script as payment, then it's Olsen’s to pass on to their workers or if they bought produce from the farmer they would accept the script they would give it on to them and eventually it would come back and to another merchant and that merchant would put a stamp on and it had to be exchanged every week! You see the whole purpose was to get money flowing, people were hiding it under their mattresses and that does not make for good business so every week the script would be past past on and you know it's pretty clever, we tend to think that money is important because it's a way of storing wealth, but really money is important only when it changes hands and from one person to another, that's emphasized in this little book on Michigan’s script, where the writer says, “in all instances during a script regime, its acceptance by the public was the greatest obstacle to overcome. In each case the public had to be educated to the fact that the real purpose of money is as a medium of exchange, rather than as an end to itself.” That's why I think script in this town was pretty quite successful and at the end of the experiment, it lasted I think, two years it was all retired, I think they had another issue of it the first two thousand and another two thousand. At the end they did stop it and then they tried to evaluate it, “What did this do?” “Was this successful?” and most people said “yes” that this was a success it did help out merchants event though they paid for it. The city did not pay any money out. The city issued the script, but they didn't pay for it, so the city would pay workers with the script and circulate and finally when this was all filled out all 52 squares the barer could take it to the city treasurer and get a dollar in US currency, so because the merchants paid for the stamps that they ultimately paid for, “How is script back then different from today?” First was the severity of the economic trouble they were in. There were in a terrible fix and we think that our economy is in bad shape now? It was nothing compared to the 30s. Second, and I've already mentioned this, that the whole community decided they needed to do something to help out, not only local business people but the people that were unemployed. And, so there was such a wide participation in the script. The only stores that did not participate were the chains that were here. ATP was non policy, Pennies, although the manager of the store was certainly sympathetic, wouldn't accept script. Montgomery Ward's wouldn't accept script. People were buying local, anyone! I mean they didn't get, you know, produce from California at the grocery stores. They’d get potatoes from seed and so we were pretty local in the 30s and that really helped the acceptance of script because there weren’t any Walmarts, there weren’t any Meijer. And that really helped us out. And then last was the fact that the population as a whole stood together and I believe this was a compassionate response of our community towards solving this awful problem and gosh I wish right now we had that same kind of togetherness that they felt back then. and I can't believe I spent my whole life sort of despising economics. I was interested in science to be honest I love birds more than I love dollars and money, but I found out that money is fascinating and it really makes in a sense it makes our economy move forward and makes things happen. So don't despise it as I always did. Kind of take time to study it, it's an interesting subject. .

The Story Of Shorting Home Capital (w/ Marc Cohodes) | Interview | Real Vision™ – Are you a farmer? Are you learning to be a farmer? Or is it something that you've always wanted
to do or? Well, my grandfather was a farmer in Wisconsin.
It's very good for one's mind. So I enjoy it, sort of but a different version. My main passion is my family and these goofy
ass stocks, and these crappy companies. But to unwind a little bit I do this and I
have fun with it. Marc Cahodes is well known for his very public
stance on Canada's home capital group. A company he believes will eventually go to
zero. In my recent conversation with him at his
chicken farm in Sonoma county, Marc recounted his Home Capital story, as only he can. Amazingly our conversation was so good, so
varied and so wide-ranging that what you're about to watch had to be left on the cutting
room floor. Now think about that for a moment, if the
Home Capital story didn't make it into the final cut for the interview with Marc Cohodes
you'll sure as hell want to see what did. So there's few people who I really respect
investment-wise, one is Steve Eisman who is a pal. I like him. And he, I think, mentioned Home Capita Sohn
Conference I don't know if it was '13, '14 or '15, he brought it up. And it put it on its radar for me, cause I
didn't really know about it then. And he was right but they doubled the stock
on him, which doesn't make him wrong, just makes him early. It's happened to me more than I'd like to
remember. So I was watching it cause again I'm a huge
fan of his, and the Canadian housing market was booming. And Home Cap with insider selling comes out
and misses a quarter, and I'm thinking "Fuck, how are these guys missing a quarter with
the market booming so much?" And I shorted the stock that day, it was down
3 or 4, low low 50s and that got me started on it. I didn't know at the time it was a fraud but
there was clearly something going on which caused them to miss, they had to come clean
on a billion eight of mortgage fraud, first 900 million then a billion eight. Stock then traced to low 30s. Only then did I realize that this thing was
just a major fraud. I mean Home Cap is a bank, that should have
failed. It's a fraud, it's a fraud on the public,
it's an admitted fraud. They've still done a bunch of stuff they haven't
confessed to, but in order to build this thing out the Canadian banks, the legitimate banks,
wanted nothing to do with them. So the only way to solve this thing was with
a Warren Buffett type figure because the real banks and the finance people in the know in
Canada wanted nothing to do with them. I know people who are in the meetings, that
the government ordered them to do things and everyone passed, and this bank was gonna fail. So they go to Warren Buffett… Let's leave it… we'll come back to things,
just because there are going to be people watching this that don't know the full story. So I just want to go back to as Home Capital
starts to buckle and the pressure's building, they've admitted to 900 million dollars of
bank fraud, they've doubled to 1.8, and at this point, your call on the stock is working
like a charm. Yeah, the call was working great, I mean the
stocks in the low mid-20s, my cost in this thing is in the low 50s. But the narrative of this thing is done, right? Well, the thing's going downhill, it doesn't
get done. See the weird deal is we're sailing along
and then all of a sudden the OSC charges Salloway, Martin Reed, the finance guy. Then the stock goes from like the low to mid-20s
to the high teens. And all of your apologists keep apologizing
for them, it's cheap cheap cheap, it's below book, this that and the other. But they still haven't come clean on anything,
and I think it's getting worse. So the stock closes, I think, on a weekend
or a Friday at like 17 or 18 or 19 something like that, then all of a sudden, they have
a liquidity crisis, and/or a run on the bank. That of course was blamed on the shorts aka
me or this that or the other right? But it's only because their finances are so
fucked up. So they come out on a Monday or a Tuesday
or a Wednesday and said they have this emergency financing in place at some user returns by
some Director of Home and this pension fund, and its highly dilutive, the company won't
make money again and this that and the other, and the stock literally goes from like 17
to 6 or 5. And the bank was gonna fail. Yeah because I mean this deal they did was
the kinda deal you were only gonna do if you're going out of business, I think the guy, the
fool on the board gets on their version of CNBC and basically says its dip financing,
essentially means you're broke. So this thing's 5, 6, 7 bucks and they're
essentially tits up and then came the socialist end around "Home Cap's too big to fail, it's
a great Canadian institution" on and on and on and our borrow rate in the stock went from
2, 3, 4 all of a sudden it miraculously went to 100 because they didn't want people shorting
the stock. And people were writing op-eds, "what a great
company it is", no it's not a great company. It's a fraud. Right? The government should have issued preferreds,
wound the thing down, said depositors will be safe and make an example that if you do
bad things this is what happens to you. The shareholders should've been wiped, depositors
made whole, mortgages go wherever. Now for people that don't know enough about
this, I mean everyone's familiar with JP Morgan and stuff because it's such a big deal but
for those people who aren't familiar with Canadian banking sector, how systemically
important was/is Home Capital. It's not. It's not. They make loans or liar loans to people who
can't get loans elsewhere. Which is my point because this is not a JP
Morgan when they talk about it being too big to collapse. I subsequently have OSFY stuff that indicates
how bad it is, I haven't released any of it. I haven't let it go I just want to see how
this plays out a little more. They've gotten rid of the management, this
that and the other but they haven't cleaned up the problem that's Home Cap. Right, I mean I have these guys running loan-loss
provisions through SG&A to claim their loan-loss provisions don't exist, and in the next Canadian
credit cycle which I think is at hand, cause now housing's going down, I think Home Cap's
gonna be the first bank to fail. Clearly. But in the socialized bail-out things, and
I call 'em the kitten and rainbow crowd, you know, more know and the powers that be had
done Canada a huge disservice bailing out a fraud, which is what they ended up doing. And they did it with none other than Warren
Buffett. I mean they didn't break out BB gun or a handgun
or a magnum, I mean they broke out the bazooka to try to do this and he got a dilutive deal
and he's double collateralized in anything he lends to them and he can do fine and I
can do fine, but the ultimate question here is what's the quid pro quo? Because he only has 200 million dollars in
this thing which is like you and me carrying around 200. But he gave them what, 200 million dollar
credit line, is that right? He gave 'em a line, an emergency line if they
needed it at 9% and borrow money at 9% to loan it at 4, is no way to run a railroad. And not only is it 9% it's double collateralized. So anyone would do that deal and then he got
stock at 10 with the book at 24 and he now has registration rights so he can sell it
if he wants but it's a nothing deal for him but I call it a loan shark deal which it clearly
is, what it is. Look, fair play to him right? He's got the capital and they need it. Well he has the capital and the funny thing
is he the reputation so let's just say it's the Warren Buffett bank in Canada but that
didn't stop the last quarter's originations from being down 85%. No, but it did send the stock from 6 to 22? No 6 to 14, and now it's 16, cause everyone
thinks the worst is over. To me the worst hasn't even begun because
they have the whole credit thing and they took a negative loan loss provision in the
quarter, I mean it's just a complete exercise in what I would call insanity. But this is a by-product of what happens in
an easy easy easy money environment where frauds get bailed out. And I can easily use the word fraud because
Home Cap's admitted to fraud, you know, as my lawyer said: "you own the label." Right. Right so, so. And that's not Dior. Fraud is not a label that's in demand. Right, I mean you own what you are and that's
what Home Cap is, and they still are but again I have no issue with Warren Buffett whatsoever,
I wish the old man nothing but the best, I have great respect for him. But clearly, the Canadian government needed
to recruit someone outside of Canada cause the Canadians themselves want nothing to do
with it. So let's get, just relating this back to this
art of short selling. You know, here you are, you have an initial
bet that you've grown to feel more confident about as you've dug deeper and deeper into
it, it's going your way. Going really well your way. Most people would've covered it when it got
down to 6, they'd have taken their money off the table and walked away and said great,
that was a profitable trade. I'm not that smart. But how do you, everything is pointing that
you're right, everything is pointing that this thing is going to zero. How do you then deal with the fact that this
agent out of nowhere comes in, they insert the Buffett, it completely screws you in the
short term, it makes you look like you're wrong, makes you look like everything you've
said is nonsense, how do you deal with that mentally, how do you deal with it emotionally,
and how do you regroup and re-assess how the situation is going? That's a good question. Cause the stock moves doesn't make me wrong. The fact that they needed him to bail this
thing out actually shows how right I was/am. The part of the question that's interesting
is so the stock's 50-30, and going back to my chat with Roland and this is tremendously
valuable for me and I think for other people watching this. So Roland always keeps me grounded, on some
of these names, so he says at 30 bucks he goes "Marc you've made 20 points in this thing,
the stock's 30 down from 50, why don't you take the chips off the table and move on?" I said no, the story hasn't played out. I'm actually doing more. Then there's this pause on the phone and he
says "You are?" I say, yeah! This hasn't played out yet. So then bad news happens and the stock goes
to 25 and he goes "Are you covering yet?" I go, no. He goes "well they'll try something." I said, maybe they do, right? And about 2 weeks later they announce this
Dutch tender, this buyback and the stock, goes 25-30 and then they do this Dutch tender
37. I'm getting my ass killed on this bounce and
Roland's saying "I told you to cover." I said thank you. Thank you. Just what I wanted to hear yeah. Just what I need from the likes of you. He goes "what do you think now?" I said, I'm just laying in the weeds letting
them do whatever the hell they want and when they do this Dutch tender I'm gonna take my
bet and if I don't triple it I'm gonna double it, I'm gonna ante it in, cause after this
stupid Dutch tender then it's double triple over. So they do the Dutch tender I do a whole lot
more 37 or 36 or 35 or wherever I did, I did all the way down and then the thing blows
up. And then back in the 20s, Roland says "Are
you covering yet?" I said, no! I'm not covering, I'm not covering cause it
hasn't played out. I mean, I covered some when I was in single
digits but I just covered back that trading stock that I did higher but I'm still short
a ton of this thing. But along the way, he's checking me and my
thing is when the world has everything I've been playing for in their stream of consciousness
and everyone knows it and everyone's thinking of it, then I have no value-add and I probably
cover cause I'm bored, right? Or everything I know is out there. But everything I know today is not out there
at Home, I still think it's gonna fail, I still think they're wrong, I still think there's
no way out. I still think the bank's gonna close, still
think they got problems. .

ABC World News Tonight 20200423 1830 – IN THE U.S.
IN NEARLY A HALF DOZEN CITIES. WHAT WE'VE NOW LEARNED. >>> ALSO, PRESIDENT TRUMP SPEAKING JUST MOMENTS AGO. AS WE ALSO LEARN TONIGHT OF A HEARTBREAKING HEADLINE HERE IN NEW YORK. THE INFANT DAUGHTER OF A NEW YORK CITY FIREFIGHTER HAS DIED, JUST FIVE MONTHS OLD. NEW YORK STATE REPORTING 1,300 HOSPITALIZATIONS PER DAY. 438 DEATHS IN JUST 24 HOURS. AND TONIGHT, THE MAJOR NEWS FROM GOVERNOR ANDREW CUOMO REVEALING PRELIMINARY RESULTS OF ANTIBODY TESTS ACROSS NEW YORK STATE. AND IN NEW YORK CITY, AS WELL, WHAT THE NUMBERS REVEAL. HOW MANY PEOPLE MAY HAVE BEEN EXPOSED TO THE VIRUS AND HOW MANY MIGHT HAVE SOME FORM OF IMMUNITY. >>> TONIGHT, WE'RE OUT ACROSS THIS COUNTRY. CALIFORNIA REPORTING ITS DEADLIEST DAY YET. AND DESPITE THE PRESIDENT SAYING GEORGIA WAS ACTING TOO SOON, THE GOVERNOR THERE WILL OPEN SALONS, GYMS AND BOWLING ALLEYS TOMORROW. >>> THE FALLOUT TONIGHT FROM THAT MOMENT WITH THE PRESIDENT AND THE HEAD OF THE CDC. ROBERT REDFIELD HAD SAID IN AN INTERVIEW THE SECOND WAVE OF THIS VIRUS COULD BE MORE DIFFICULT NEXT WINTER, WITH THE VIRUS AND THE FLU, TWO RESPIRATORY ILLNESSES, HITTING AT ONCE. THE PRESIDENT SAID REDFIELD WAS MISQUOTED. REDFIELD THEN ASKED BY OUR JON KARL, WERE YOU MISQUOTED? HE SAID NO. >>> AS WE COME ON TONIGHT, THE HOUSE GETTING READY TO VOTE ON THAT NEW 4 BILLION RELIEF BILL. NOW MORE THAN 26 MILLION AMERICANS OUT OF WORK SINCE THIS BEGAN. AND THERE'S WORD TONIGHT FROM SENATOR ELIZABETH WARREN, REVEALING SHE HAS LOST HER OLDER BROTHER TO THE VIRUS, A VIETNAM VETERAN. HER MOVING WORDS. >>> THE NEW WARNING TONIGHT. WHAT SOME DOCTORS ARE SEEING IN YOUNGER ADULTS. STROKES IN PATIENTS WHO HAD SHOWN MILD OR NO SYMPTOMS WHAT THEY NOW SAY TO LOOK FOR. >>> A DEADLY TORNADO OUTBREAK AMID THIS PANDEMIC. AT LEAST 27 TWISTERS, AND THE WATCHES AS WE COME ON THE AIR TONIGHT. >>> WE PROMISED TO STAY ON THIS STORY. FARMERS FORCED TO THROW OUT PRODUCE AND DUMP MILK BECAUSE IT COULDN'T BE DELIVERED. WHAT'S NOW HAPPENED TONIGHT. >>> AND AT THE END THIS EVENING, THE STORY OF THE VETERAN AND FATHER MANY OF YOU SAW LAST NIGHT RIGHT HERE AND WHAT YOU'VE DONE. IT'S EXTRAORDINARY. >>> GOOD EVENING AND IT'S GREAT TO HAVE YOU WITH US HERE ON THIS THURSDAY NIGHT. THE PRESIDENT SPEAKING MOMENTS AGO. HIS TEAM OFFERING NEW RESEARCH AT THIS HOUR WHAT THEY'RE SEEING SO FAR. HOW THIS VIRUS REACTS TO THE SUN, TO THE HEAT. AND THEIR HOPE TONIGHT, AS WE NOW APPROACH THE WARMER WEATHER. WE ALSO HAVE NEW REPORTING HERE ON HOW LONG THIS VIRUS MIGHT HAVE GONE UNDETECTED IN SEVERAL AMERICAN CITIES. AND ONE CASE THAT TURNED DEADLY SOME THREE WEEKS BEFORE THAT FIRST OFFICIAL DEATH. AS ALWAYS, WE MARK THE LIVES LOST HERE IN THIS COUNTRY. AT LEAST 47,000 LIVES NOW, MORE THAN 900 DEATHS IN JUST THE LAST 24 HOURS. IN NEW YORK ALONE, STILL A TERRIBLE TOLL HERE. 438 NEW DEATHS IN ONE DAY, INCLUDING THAT FIVE MONTH OLD BABY GIRL. THERE IS MAJOR NEWS TONIGHT ON ANTIBODY TESTS. NEW YORK STATE WITH THOSE PRELIMINARY RESULTS AND THEY ARE EYE-OPENING. SUGGESTING 1 IN 5 IN NEW YORK CITY HAS BEEN EXPOSED AND MIGHT HAVE SOME SORT OF IMMUNITY. WE'LL GO THROUGH THE NUMBERS FOR YOU. AND WE'RE REMINDED TONIGHT, THIS VIRUS IS STILL MOVING THROUGH THIS COUNTRY AT A DANGEROUS PACE. IN CALIFORNIA, THEIR DEADLIEST 24 HOURS YET. AND WE HAVE JUST LEARNED, AS WE CAME ON THE AIR TONIGHT, THE HOUSE HAS NOW PASSED THAT NEW 4 BILLION STIMULUS BILL. MANY MEMBERS OF CONGRESS WEARING MASKS, BUT NOT ALL. AND THERE'S THAT NEW WARNING TONIGHT FROM SOME DOCTORS ABOUT WHAT THEY'RE SEEING IN SOME YOUNGER ADULTS, SEEMINGLY HEALTHY, SHOWING MILD OR NO SYMPTOMS. THE RISK OF STROKE. SOME VERY IMPORTANT WARNING SIGNS TO PASS ALONG. WE HAVE A LOT TO GET TO TONIGHT. AND SO WE'RE GOING TO BEGIN WITH ABC'S EVA PILGRIM RIGHT HERE IN NEW YORK. >> Reporter: TONIGHT, NEW HEARTBREAK FOR A CITY THAT'S ALREADY BEEN THROUGH SO MUCH. A BABY GIRL, THE DAUGHTER OF A ROOKIE FIREFIGHTER, NOW ONE OF NEW YORK'S YOUNGEST VICTIMS. LITTLE JAY-NATALIE LA SANTA, NOT EVEN 5 MONTHS OLD. HER MOTHER LINSEY TELLING US, "MY BABY GIRL WAS SO BEAUTIFUL." THE CORONAVIRUS STILL HOLDING A TIGHT GRIP ON THIS STATE. DAY AFTER DAY, MORE THAN 1,300 PEOPLE SHOWING UP AT HOSPITALS. >> THAT IS NOT GREAT NEWS. WE'D LIKE TO SEE THAT GOING DOWN. >> Reporter: THE ASSOCIATED PRESS GOING INSIDE THE EMERGENCY DEPARTMENT OF ST. JOSEPH'S MEDICAL CENTER IN YONKERS. >> EVERYBODY MOVE! >> EVERYBODY OUT. >> Reporter: JAM-PACKED THIS WEEK, EVEN AS NEW YORK COMES DOWN THE CURVE. >> WE CAN'T BE OVERCONFIDENT UNTIL WE HAVE SOME MEASURE OF BEING ABLE TO SAY IT'S IN THE PAST. >> Reporter: TONIGHT, NEWS THE VIRUS MAY HAVE SPREAD MORE WIDELY IN NEW YORK THAN WE EVER THOUGHT. A PRELIMINARY STATE ANTIBODY STUDY SHOWING 14% OF STATE RESIDENTS MAY HAVE HAD IT. THE NUMBERS IN NEW YORK CITY EVEN HIGHER, MORE THAN 20%. >> THEY HAD THE VIRUS, THEY DEVELOPED THE ANTIBODIES AND NOW THEY ARE, QUOTE UNQUOTE, RECOVERED. >> Reporter: MANY OF THOSE PEOPLE MAY NOT HAVE EVEN KNOWN THEY HAD THE VIRUS. HEALTH CARE WORKERS AROUND THE COUNTRY RISKING THEIR LIVES EVERY DAY. MANY PAYING A PRICE BOSTON E.R. NURSE DEBBIE BUONAPANE KNOWS ONLY TOO WELL. HER COWORKERS CHEERING LOUDLY AS SHE LEFT THE SAME HOSPITAL SHE WORKS IN. A PLUS ESCORT LEADING HER HOME. >> I'M USED TO CARING FOR PEOPLE AND WHEN I WAS ON THE OTHER SIDE, I CAN'T BREATHE AND I'M DEPENDENT ON A NURSE AND A DOCTOR AND MEDICATION TO HELP ME BREATHE AND IT WAS REALLY HARD. >> Reporter: TONIGHT IN GEORGIA, BUSINESSES LIKE GYMS, TATTOO PARLORS AND BOWLING ALLEYS ARE PREPARING TO REOPEN, AFTER GETTING A GREEN LIGHT FROM GOVERNOR BRIAN KEMP. >> I TOLD THE GOVERNOR OF GEORGIA, BRIAN KEMP, THAT I DISAGREE STRONGLY WITH HIS DECISION. >> Reporter: THE GOVERNOR NOT BACKING DOWN, TWEETING, "WE WILL CONTINUE WITH THIS APPROACH TO PROTECT THE LIVES AND LIVELIHOODS OF ALL GEORGIANS." THE OWNER OF THE GOLD CUP BOWLING CENTER IN WARNER ROBINS, GEORGIA, TELLS US HE'S ABLE TO OPEN ONE OF HIS LOCATIONS SAFELY. >> WE'RE SHUTTING DOWN PAIRS IN BETWEEN THE OTHER LANES, SO THE CLOSEST ANYONE WILL ACTUALLY BE TO YOUR GROUP IS 11 FEET. >> Reporter: BUT IN KENNESAW, BEAUTY SHOP OWNER BRENDA GUADALUPE SAYS NOW IS NOT THE TIME TO REOPEN. >> I JUST WOULD NEVER FEEL COMFORTABLE IF ANYTHING HAPPENED TO NOIF MY CLIENTS BECAUSE THEY CAME IN MY SALON. >> Reporter: ACROSS THE COUNTRY, EACH STATE BATTLING ITS OWN CHALLENGE. CALIFORNIA MARKING ITS DEADLIEST DAY YET, 117 PEOPLE DYING OVERNIGHT. SENATOR ELIZABETH WARREN REVEALING HER BROTHER, DONALD, PASSED AWAY IN NORMAN, OKLAHOMA. THE SENATOR TWEETING, "I'M GRATEFUL TO THE NURSES AND FRONT LINE STAFF WHO TOOK CARE OF HIM, BUT IT'S HARD TO KNOW THAT THERE WAS NO FAMILY TO HOLD HIS HAND OR TO SAY I LOVE YOU ONE MORE TIME." PRESIDENT TRUMP HAS BEEN PUBLICLY TUSSLING WITH HIS OWN ADVISERS OVER WHAT WE COULD BE IN FOR. CDC DIRECTOR ROBERT REDFIELD TELLING “THE WASHINGTON POST” A SECOND WAVE OF CORONAVIRUS IN THE FALL COULD "ACTUALLY BE EVEN MORE DIFFICULT THAN THE ONE WE JUST WENT THROUGH." >> DR. ROBERT REDFIELD WAS TOTALLY MISQUOTED IN THE MEDIA ON A STATEMENT ABOUT THE FALL SEASON AND THE VIRUS. TOTALLY MISQUOTED. >> Reporter: THE PRESIDENT THEN CALLING REDFIELD TO THE PODIUM. >> I DIDN'T SAY THAT THIS WAS GOING TO BE WORSE. I SAID IT WAS GOING TO BE MORE DIFFICULT AND POTENTIALLY COMPLICATED, BECAUSE WE'LL HAVE FLU AND CORONAVIRUS CIRCULATING AT THE SAME TIME. >> Reporter: BUT ABC'S JON KARL READING BACK REDFIELD'S COMMENTS TO "THE POST." >> THAT'S THE QUOTE FROM “THE WASHINGTON POST." YOU ARE ACCURATELY QUOTED, CORRECT? >> I'M ACCURATELY QUOTED IN "THE WASHINGTON POST." >> Reporter: THE PRESIDENT INSISTS THERE MAY NOT EVEN BE A SECOND WAVE IN THE FALL. >> WE'RE GOING TO BE WATCHING FOR IT, BUT IT'S ALSO POSSIBLE IT DOESN'T COME BACK AT ALL. >> Reporter: BUT MINUTES LATER, FROM DR. ANTHONY FAUCI — >> WE WILL HAVE CORONAVIRUS IN THE FALL. I AM CONVINCED OF THAT. WHETHER OR NOT IT'S GOING TO BE BIG OR SMALL IS GOING TO DEPEND ON OUR RESPONSE. >> THE DOCTORS APPEAR CON VINCED THERE WILL BE A SECOND WAVE. OF COURSE, DR. FAUCI THERE SAYING JUST HOW BIG, WE DO NOT KNOW. EVA, THE PRESIDENT ANNOUNCING MOMENTS AGO SOME HOPEFUL RESULTS OF A NEW DHS STUDY, THIS DATA JUST EMERGING NOW, WHICH COULD GIVE US NEW CLUES ABOUT WHAT COULD HAPPEN WITH THIS VIRUS AS THE WEATHER GETS WARMER, EVA? >> Reporter: THAT'S RIGHT, DAVID. A TOP HOMELAND SECURITY OFFICIAL JUST REVEALED EMERGING RESULTS FROM THEIR STUDY. HE SAID THAT SUNLIGHT SEEMS TO HAVE AN EFFECT ON KILLING THE VIRUS, THE SAME WITH WARMER TEMPERATURES AND EVEN HUMIDITY, BUT HE CAUTIONED, HE SAID IT WOULD BE IRRESPONSIBLE FOR US TO SAY THAT WE FEEL THE SUMMER WILL TOTALLY KILL THE VIRUS. AND HE SAID, HE REMINDED US THIS IS STILL BEING STUDIED. DAVID? >> THEY REMAIN HOPEFUL, SUNLIGHT AND HEAT, AS IS THE CASE WITH OTHER VIRUSES, TOO. LET'S HOPE. EVA, THANK YOU. >>> WE ARE, OF COURSE, MINDFUL OF THE GROWING FOOD LINES IN THIS COUNTRY. MORE THAN 26 MILLION AMERICANS HAVE NOW FILED FOR UNEMPLOYMENT BENEFITS SINCE THIS OUTBREAK BEGAN. AND THE SMALL BUSINESSES WHO DESPERATELY NEED HELP TO SURVIVE. TONIGHT, THAT NEWS COMING IN FROM THE HILL RIGHT NOW, THE HOUSE JUST PASSING THAT 4 BILLION SPENDING BILL. SO, WHO GETS THAT HELP AND WHO MAKES SURE THAT MONEY DOESN'T END UP IN THE WRONG HANDS? HERE'S MARY BRUCE. >> Reporter: TONIGHT, UNEMPLOYMENT IN AMERICA HAS GONE FROM BAD TO WORSE. THE TOLL ACROSS THIS COUNTRY VISIBLE IN THOSE MASSIVE LINES AT FOOD BANKS FROM FLORIDA TO NEW JERSEY AND TEXAS, WHERE MANY, LIKE NEIL CAROLL, ARE GOING TO A FOOD BANK FOR THE FIRST TIME. >> I'VE APPLIED FOR UNEMPLOYMENT, BUT IT'S TAKING AWHILE. SO — JUST NEED THE HELP. >> THE HOW WILL BE IN HOLDER. >> Reporter: IN WASHINGTON TODAY, MEMBERS OF CONGRESS BACK ON CAPITOL HILL IN MASKS AND GLOVES, LINING UP TO VOTE IN STAGGERED GROUPS TO PASS A NEW RELIEF BILL, INCLUDING 0 BILLION TO REPLENISH THE TAPPED OUT LOAN PROGRAM FOR SMALL BUSINESSES. IS THE RAHAMA WRIGHT OWNS A SMALL BEAUTY BUSINESS IN D.C. SHE TRIED, BUT WASN'T ABLE TO GET A LOAN BEFORE THE FUND RAN OUT. >> MY BUSINESS HAS BEEN TREMENDOUSLY IMPACTED. >> Reporter: BUT WHO DID GET SOME OF THE MONEY? MANY BIGGER COMPANIES LIKE SHAKE SHACK, RUTH'S CHRIS STEAKHOUSE AND SWEETGREEN. WITH OUTRAGE GROWING, ALL THREE ARE NOW RETURNING THE MILLIONS OF DOLLARS THEY WERE GIVEN. AS FOR WRIGHT, SHE'S FURLOUGHED HER EMPLOYEES AND TELLS US SHE'S WORRIED HER COMPANY WON'T MAKE IT. >> WE ARE EQUALLY APART OF THE ECONOMY AS MUCH AS THESE LARGE COMPANIES ARE AND RIGHT NOW, WE NEED HELP. >> SMALL BUSINESS OWNERS HAVE A RIGHT TO SPEAK UP TONIGHT. MARY WITH US LIVE, AS WELL. AND THERE'S NEWS THAT SOME BUSINESSES THAT GOT SOME OF THAT ORIGINAL STIMULUS MONEY, MARY, WILL NOW HAVE TO PAY IT BACK? >> Reporter: DAVID, THE TREASURY DEPARTMENT JUST ANNOUNCED THAT ANY PUBLICLY TRADED ECONOMY THAT RECEIVED ONE OF THESE LOANS NOW HAS TO PAY IT BACK. IT'S A MOVE TO TRY AND MAKE SURE THAT THIS MONEY ENDS UP IN THE HANDS OF THOSE SMALL BUSINESSES WHO NEED IT MOST. BUT DAVID, EXPERTS TELL US THAT THIS FUND, BECAUSE THE NEED IS SO GREAT, IT COULD RUN OUT OF MONEY AGAIN WITHIN A WEEK. >> ALL RIGHT, MARY BRUCE FOLLOWING THE MONEY FOR US. MARY, THANK YOU. >>> NOW, TO THAT NEW REPORTING THAT SUGGESTS THIS VIRUS MIGHT HAVE BEEN SPREADING UNDETECTED IN SEVERAL AMERICAN CITIES WEEKS BEFORE THAT FIRST CONFIRMED DEATH. HERE'S ABC'S KAYLEE HARTUNG. >> Reporter: TONIGHT, THE DISCOVERY OF AN EARLY DEATH REWRITING THE TIMELINE OF THE COVID OUTBREAK IN AMERICA. 57-YEAR-OLD PATRICIA DOWD, SEEN HERE, DIED IN SANTA CLARA COUNTY ON FEBRUARY 6th, THREE WEEK BFRS THE FIRST DOCUMENTED COVID DEATH IN THE COUNTRY. >> THERE WAS SOME SIGNIFICANT LEVEL OF VIRUS CIRCULATING IN OUR COMMUNITY IN EARLY FEBRUARY AND WHO KNOWS HOW MUCH EARLIER. >> Reporter: CALIFORNIA'S GOVERNOR TELLING CORONERS STATEWIDE TO INVESTIGATE CASES AS FAR BACK AS DECEMBER. NEW RESEARCH FINDS THAT BY MARCH 1st, WHEN THE U.S. HAD JUST 23 CONFIRMED CASES, HIDDEN OUTBREAKS WERE SPREADING UNDETECTED IN FIVE MAJOR CITIES INCLUDING BOSTON, SEATTLE, CHICAGO, SAN FRANCISCO AND NEW YORK, ACCORDING TO “THE NEW YORK TIMES.” THE ACTUAL NUMBER OF CASES MAY HAVE BEEN AT LEAST 28,000. IN TEXAS TONIGHT, ABC NEWS FOLLOWING JIMMIE HAYDEN'S FIGHT WITH THE VIRUS. HE WAS ON A VENTILATOR BEFORE RECEIVING A PLASMA DONATION FROM SOMEONE WHO HAD THE VIRUS AND RECOVERED. JUST TWO WEEKS LATER, HE'S BACK HOME. >> HOW DO YOU THANK SOMEONE THAT TRULY SAVED YOUR LIFE? AND I CAN'T WAIT TO DO MY PART. >> Reporter: I NEED TO TELL YOU WHAT I DID LAST NIGHT. >> WHAT? >> Reporter: I DONATED PLASMA. >> Reporter: AFTER THREE WEEKS OF DEAD ENDS — A COUPLE OF WEEKS AGO, I TESTED POSITIVE FOR COVID-19 — IT WAS A FORM I FILLED OUT ON THE RED CROSS WEBSITE THAT LED THEM TO CALL ME IN. IN LESS THAN AN HOUR — >> THIS IS YOUR PLASMA RIGHT HERE, THIS IS SEPARATING. THE GOLDEN PLASMA. SOMEBODY'S WAITING FOR IT. IT'S READY. >> Reporter: I JUST CAN'T BELIEVE THAT I HAVE THE ABILITY TO DO SOMETHING THAT COULD BE SO HELPFUL. >> IT IS BRAVE, AND I KNOW YOUR PLASMA DONATION, YOU TOLD US EARLIER TODAY, WILL POTENTIALLY HELP UP TO FOUR PATIENTS? >> Reporter: DAVID, THAT IS SURREAL TO HEAR. AND I HAD TO SHOW THE RESULTS FROM MY ORIGINAL POSITIVE COE VILD TEST, BUT NOW THE RED CROSS IS SAYING, NEXT WEEK, THEY PLAN TO USE ANTIBODY TESTS TO IDENTIFY EVEN MORE PLASMA DONORS. DAVID? >> THANK YOU, KAYLEE. >>> THERE IS NEW CONCERN TONIGHT FROM SOME DOCTORS IN WHAT THEY'RE SEEING IN YOUNGER ADULTS, SEEMINGLY HEALTHY, SHOWING MILD OR NO SYMPTOMS. THE RISK OF STROKE. HERE'S GIO BENITEZ. >> Reporter: TONIGHT, A DISTURBING OBSERVATION, DOCTORS ARE NOW SEEING STROKES IN YOUNG PATIENTS INFECTED WITH THE NOVEL CORONAVIRUS. >> HE'S LIKE, WE'RE SEEING A LOT OF BLOOD CLOTS. >> Reporter: THIS IS 49-YEAR-OLD MICHAEL REAGAN, HE WAS RECOVERING FROM COVID-19 WHEN DOCTORS FOUND BLOOD CLOTS IN HIS LUNGS. YOU WERE FEELING PAIN IN YOUR LUNGS? >> YES, INTENSE PAIN LIKE I WOULD IMAGINE A HEART ATTACK WOULD BE LIKE. I AM IN MY 40s, I HAVE RUN MARATHONS, I WAS A YOGA INSTRUCTOR. AND IF I CAN GET THIS ILL FROM IT, ANYBODY CAN. >> Reporter: AND CLOTS CAN LEAD TO STROKES. NEUROLOGIST DR. THOMAS OXLEY SAYS HE'S SEEN AT LEAST FIVE YOUNG PATIENTS WITH STROKES OVER THE PAST TWO WEEKS. >> THESE PATIENTS WERE ALL IN THEIR 30s AND 40s. TWO HAD NO UNDERLYING CONDITIONS. THESE ARE NOT PARTICULARLY SICK PATIENTS. >> Reporter: DOCTORS HAVE REPORTED CLOTTING IN COVID-19 PATIENTS. THESE ARE LUNG AND HEART SCANS OF A PATIENT IN HIS 30s FROM NEW ORLEANS WHO WAS FIGHTING COVID-19. AND THIS AREA HERE IS THE LARGE BLOOD CLOT THAT WAS THREATENING TO STOP HIS HEART. WHEN DID YOU START NOTICING THAT BLOOD CLOTS WERE AN ISSUE? >> I DID THIS PROCEDURE WEEKS AGO AND IT WAS A YOUNG PATIENT WHO HAD NO PAST HISTORY WHO HAD BEEN AT HOME WITH COVID. AND THAT STRUCK ME AS UNUSUAL. AND THEN WE SAW A RUN OF PATIENTS IN THE SAME CATEGORY. >> Reporter: AND THIS AFTERNOON, WE'RE HEARING FROM THE FAMILY OF BROADWAY STAR NICK CORDERO, WHO IS BATTLING COVID-19 AND LOST HIS RIGHT LEG BECAUSE OF BLOOD CLOTS. HIS WIFE SAYING DOCTORS ARE JUST WAITING FOR HIM TO WAKE UP. AND DAVID, DOCTORS HERE REALLY WANT YOU TO THINK ABOUT THOSE SIGNS OF A STROKE. REMEMBER THAT ACRONYM, F.A.S.T. FACE DROOPING, ARM WEAKNESS, SPEECH DIFFICULTY, AND T IS FOR TIME TO CALL 911. DAVID SNP. >> ALL JUST REALLY IMPORTANT, GIO, THANK YOU FOR BRINGING THAT TONIGHT. >>> WHEN WE REPORTED HERE ON THE FARMERS FORCED TO THROW OUT ROTTING PRODUCE AND THAT SPOILED MILK, WE SAID WE WOULD STAY ON THIS, WONDERING IF THERE'S ANY WAY TO GET THAT FOOD TO THE FAMILIES WHO NEED IT. THERE IS NEWS TONIGHT, AND HERE'S STEVE OSUNSAMI. >> Reporter: THE PEOPLE YOU'RE ABOUT TO MEET SAY THEY WANTED TO HELP, AFTER HEARING THIS REPORT. >> REAL QUESTIONS AFTER SOME FARMERS WERE FORCED TO DESTROY THEIR CROPS, DUMP MILK, UNABLE TO DELIVER TO NOSE IN NEED. >> I'M SITTING ON MY COUCH. I WATCHED YOUR REPORT, 7:30 P.M. TUESDAY, APRIL 14th, AND I SAID, THIS IS WRONG. WE NEED TO DO SOMETHING. >> Reporter: OUR STORY WAS ABOUT FARMERS WHO WERE POURING MILK DOWN THE DRAIN AND WATCHING VEGETABLES ROT IN THEIR FIELDS. THE CORONAVIRUS IS HURTING THEM, TOO. JOHN BOTTI, A MONEY MANAGER, DECIDED TO CALL A FEW FRIENDS THE VERY NEXT DAY, AND THE IDEA WAS BORN. THEY WOULD SEND SEMI-TRAILERS TO THE NATION'S FARMS AND BRING BACK FREE FOOD TO PEOPLE IN NEED. >> CABBAGE FARMERS, POTATO FARMERS IN UPSTATE NEW YORK. THERE IS ANOTHER WONDERFUL WON, SHONDA, WHO HAS RICE, IT'S U.S. RICE, DOWN IN MISSISSIPPI. >> Reporter: BY SATURDAY, THERE WERE A DOZEN MORE FRIENDS AND THEY REALIZED THE FARMERS NEEDED HELP, TOO. SO NOW THEY WERE RAISING MONEY TO BUY THE FOOD THAT FARMERS WERE GOING TO THROW AWAY. THIS TONIGHT IS THEIR FIRST SHIPMENT, MORE THAN 43,000 POUNDS OF POTATOES PURCHASED FROM A FARMER IN IDAHO, DRIVEN BY THIS ARMY VETERAN AND ARRIVING IN THE SOUTH BRONX ON SATURDAY. >> WE CAN COME TOGETHER AND WE CAN COME UP WITH SOLUTIONS AND MAKE A DIFFERENCE. AND WE'RE LIGHTING CANDLES IN THE DARKNESS RIGHT NOW. >> Reporter: THIS HAS NOW GROWN INTO AN OPERATION, WITH THREE LARGE TRUCKS, HUNDREDS OF VOLUNTEERS AND EVEN SMALL BUSINESSES DONATING THEIR RELIEF MONEY FROM THE FEDERAL GOVERNMENT, AMAZING IS A GOOD WORD TO DESCRIBE THIS. DAVID? >> WE SALUTE JOHN AND EVERYONE TRYING TO HELP. JUST THE BEGINNING, STEVE, AND I KNOW YOU'RE GOING STAY ON THIS. THANK YOU. >>> WHEN WE COME BACK TONIGHT, AT LEAST SEVEN DEAD THIS EVENING, A TORNADO OUTBREAK. THE WATCHES UP RIGHT NOW. >>> AND THEN NEWS FROM TOM HANKS TONIGHT, WHAT HE'S DONE. But when you have the Chase Mobile app, your bank can be
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