Amadeo peter giannini autobiography featuring george

Barbara Benzoni February 22, Giannini commemorative stamp Photo credit: allnumis. Photo Credit: crgenova In , Luigi and Virginia Gianinni struggled to live a dignified life, common for many Italians at that time. Amadeo Peter, or A. At 7 years old, his father was killed by a gunshot fired from a laborer unwilling to repay 1 dollar of debt.

Loans to immigrants started at 25 dollars and were guaranteed by the shake of hands. After 2 years, the deposits amounted to more than 1 million dollars. In , the catastrophic earthquake of San Francisco destroyed the bank yet Giannini managed to salvage gold and cash and move it to safety. After the stock market crash of and the Great Depression that followed, Giannini kept financing with an interest rate close to zero.

Not only did his bank survive the Great Depression, by it was recognized as the strongest bank in the world.

Claire giannini hoffman

He granted loans to those planting vineyards and supported scientific research to make the vineyards prosper. Between and , Giannini financed over films. In , the Great Depression was wearing on and Giannini lent 6 million dollars to engineer Joseph Strass to finance his crazy idea of building a bridge without any concrete. Barbara Benzoni was born in Milan and lives between Rome and Tuscany.

She is devoted to USA, the land of courage and innovation. Cinema, art, good food and only beautiful things are the themes of her existence.