About: Morris Plan Banks

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Morris Plan Banks were part of a historic banking system in the United States created to assist the middle class in obtaining loans that were often difficult to obtain at traditional banks. They were established by Arthur J. Morris (1881–1973), a lawyer in Norfolk, Virginia, who noticed the difficulty his working clients had in getting loans. The first was started in 1910 in Norfolk, and the second in Atlanta in 1911. The banks were affected by the Great Depression and changes to the banking industry in its aftermath.

Attributes	Values
rdfs:label	Morris Plan Banks (en)
rdfs:comment	Morris Plan Banks were part of a historic banking system in the United States created to assist the middle class in obtaining loans that were often difficult to obtain at traditional banks. They were established by Arthur J. Morris (1881–1973), a lawyer in Norfolk, Virginia, who noticed the difficulty his working clients had in getting loans. The first was started in 1910 in Norfolk, and the second in Atlanta in 1911. The banks were affected by the Great Depression and changes to the banking industry in its aftermath. (en)
foaf:depiction
dcterms:subject	Banks of the United States
Wikipage page ID	41557456 (xsd:integer)
Wikipage revision ID	1122549295 (xsd:integer)
Link from a Wikipage to another Wikipage	Canton, Ohio Hulman Building University Industrial loan company 110 East Washington Street Russell Sage Foundation National City Bank of New York Banks of the United States Walter W. Head Downtown Evansville Evansville, Indiana Norfolk, Virginia H. Ross Ake Tucker & Howell Art deco Syracuse, New York Jackson, Robertson & Adams State Bank of Chicago Great Depression Industrial Building (Detroit) National Register of Historic Places Installment credit First Financial Corporation Credit life insurance Studebaker Corporation The Morris Plan Company of Terre Haute
Link from a Wikipage to an external page	http://eh.net/encyclopedia/morris-plan-banks/ https://www.nber.org/chapters/c5003.pdf http://www.law.virginia.edu/main/Morris,+Arthur+J.
sameAs	Morris Plan Banks Morris Plan Banks
dbp:wikiPageUsesTemplate	dbt:Circa dbt:Reflist dbt:Short_description dbt:Use_American_English dbt:Use_mdy_dates
thumbnail	wiki-commons:Special:FilePath/Morris_Plan_Bank_LCCN2016825750.jpg?width=300
has abstract	Morris Plan Banks were part of a historic banking system in the United States created to assist the middle class in obtaining loans that were often difficult to obtain at traditional banks. They were established by Arthur J. Morris (1881–1973), a lawyer in Norfolk, Virginia, who noticed the difficulty his working clients had in getting loans. The first was started in 1910 in Norfolk, and the second in Atlanta in 1911. The plans established installment credit for customers. Lending required the borrower to provide references and proof of earnings to establish the borrower's credit worthiness. The banks gave depositors interest to secure funds for the loans. The banks were eventually organized as a New York-based banking organization (holding company) and made small loans to moderate income families through banks in more than 100 U.S. cities. In 1917, credit life insurance plans were offered. Morris Banks made 1,760,000 loans in its first 12 years, amounting to about $320 million. The banks were affected by the Great Depression and changes to the banking industry in its aftermath. (en)
prov:wasDerivedFrom	wikipedia-en:Morris_Plan_Banks?oldid=1122549295&ns=0
page length (characters) of wiki page	14480 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Morris_Plan_Banks
is Link from a Wikipage to another Wikipage of	Morris Plan Morris Plan Corp. Allen Banks Burch Morris Plan Bank First Financial Bank Arthur J. Morris
is Wikipage redirect of	Morris Plan Morris Plan Corp. Morris Plan Bank Arthur J. Morris
is foaf:primaryTopic of	wikipedia-en:Morris_Plan_Banks

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