Upbeat Detroit Pictures

[Gistok]

The guardian Building once had a major bank inside it.

I have a $20 bill printed in 1929 from the Guardian National Bank of Detroit.


Anyway,. it's the bank that started the Great Depression. It supposedly held the reserves of 300 smaller banks,.. and when it fell, it took them with it.

Nice image of local national bank currency.

The Union National Trust Bank is the bank that built the Guardian Building, and there were several banking mergers that took place in the late 1920s that produced the Guardian National Bank of Detroit.

Saying that this bank started the Great Depression... not sure I would agree with that. It started on Wall Street. The panic on Wall Street caused many banks nationwide to go under, which precipitated the Great Depression.