National City
A bank run by Charlie Mitchell that aggressively expanded into lending for stock purchases, becoming a symbol of the 1920s financial boom. It later became part of Citigroup.
First Mentioned
10/17/2025, 4:48:33 AM
Last Updated
10/17/2025, 4:50:25 AM
Research Retrieved
10/17/2025, 4:50:25 AM
Summary
National City was a prominent bank, led by Charlie Mitchell, that played a significant role in the speculative financial environment leading up to the Stock Market Crash of 1929. Operating in an era characterized by a complete lack of regulation, the bank engaged in extensive lending to speculators, providing up to $10 for every $1 they invested. This aggressive lending practice, alongside the broader expansion of consumer credit and leverage, fueled a speculative bubble that ultimately contributed to the market's collapse and the onset of the Great Depression. The bank's activities were emblematic of the 'mitchellism' that Senator Carter Glass vehemently opposed.
Referenced in 1 Document
Research Data
Extracted Attributes
Type
Bank
Leader
Charlie Mitchell
Lending Practice
Lent speculators up to $10 for every $1 they invested
Role in 1929 Crash
Significant lender to speculators, contributing to speculative boom
Regulatory Environment
Complete lack of regulation, no SEC to prevent insider trading and manipulation
Timeline
- Around this year, organizations like General Motors pioneered Consumer Credit, leading to a massive expansion of leverage, which banks like National City capitalized on by lending to speculators. (Source: document_a3c66ec3-f282-4d4f-ad95-14490312f1e2)
1919-XX-XX
- National City, under Charlie Mitchell, actively lent significant amounts to speculators, contributing to the speculative bubble in a period of complete lack of regulation. (Source: document_a3c66ec3-f282-4d4f-ad95-14490312f1e2)
1920s-XX-XX
- The Stock Market Crash occurred, to which National City's lending practices and the broader speculative environment contributed significantly. (Source: document_a3c66ec3-f282-4d4f-ad95-14490312f1e2)
1929-10-29
Web Search Results
- National City - Data Commons
National City is a city in California, the United States of America. The population in National City was 55,236 in 2023. The median age in National City was 36.6 in 2023. The median income in National City was $29,797 in 2023. The unemployment rate in National City was 4.9% in 2025. The percentage of people with obesity in National City was 28.7% in 2022. The percentage of people who binge drink in National City was 18.3% in 2022. The percentage of people who smoke in National City was 13.8% in [...] City in San Diego County, California, United States of America, North America, World Relevant topics Economics Health Equity Crime Education Demographics Housing Environment Summary
- 9 Reasons National City San Diego is a Great Place to Live in 2025
Posted by Scott Taylor on Thursday, March 14, 2024 at 2:54 PM By Scott Taylor / March 14, 2024Comment Share Save Image 2 Welcome to National City, a vibrant city located in the South Bay region of San Diego, California. This article aims to provide valuable information for individuals who are considering moving or buying real estate in the area, offering insights into the city's history, location, amenities, and overall lifestyle. [...] Situated in the South Bay region, National City enjoys a prime location with easy access to nearby cities and attractions. It is located just minutes away from downtown San Diego, making it an ideal choice for those who desire the amenities of a major city while still enjoying the relaxed coastal atmosphere. The city's proximity to major freeways and public transportation options ensures convenient commuting to other parts of San Diego. [...] National City, located in the South Bay region of San Diego, California, has a rich history that has shaped its identity as a vibrant and diverse community. This summary explores the city's history, significant events, and its growth over the years.
- Economic Development | National City, CA
National City is located at the center of it all in San Diego County. Approximately five miles south of downtown San Diego and eleven miles north of the Mexican border. National City encompasses a total of 9.2 square miles with San Diego to the North, Chula Vista to the South and the bay to the west. National City has a rich history dating back to 1887 and is the second oldest city in the county. This 140-year old city on San Diego bay embodies a proud and rich tradition of commerce, urban [...] ### Image 2: nat city 4 ### ### National City Demographics Looking to learn more about National City? Download a copy of our Community Profile The U.S Census estimates the population for National City to be 61,060 as of July 1, 2016 Characteristics Median Age: 31.1 yrs Old Number of Households: 16,851 ( SANDAG 2016 Estimates) Average Household Size: 3.63 people 51.3% Male, 48.7% Female 72.3% High school graduate or higher Median Household Income $41,437 [...] agriculture, production and transportation. It is not a stretch to imagine downtown National City emerging regionally as a vibrant urbane, cosmopolitan experience for residents and businesses. The expansion of Southwestern College, Brick Row and Kimball park, as well the new library, expansion, The National City Aquatic Center and many new development projects underway, or on the boards are a clear sign that National City has entered a “new era”.
- National City, CA - Niche
National City is a suburb of San Diego with a population of 55,960. National City is in San Diego County. Living in National City offers residents an urban suburban mix feel and most residents rent their homes. In National City there are a lot of coffee shops and parks. Many families live in National City and residents tend to be liberal. ### About About National City... Suburb Population 55,960 Suburb ofSan Diego View Nearby Homes California San Diego County Real Estate [...] overall star rating 109 reviews 5 16 4 38 3 39 2 7 1 9 Rating 4 out of 5 the things I like about national city is their most popular eateries. most of the restaurants have all sorts of cuisines such as Filipino food, Mexican food, and many more. Current Resident 2 months ago Overall Experience 0 people have found this helpful Report Review National City Rating 5 out of 5 [...] National City is unique and small and diverse and very wonderful to live at everyday since the day I'm born Current Resident 6 months ago Overall Experience 0 people have found this helpful Report Rating 3 out of 5
- National City, California - Wikipedia
According to the United States Census Bureau, the city has a total area of 9.1 square miles (24 km2). 7.3 square miles (19 km2) of it is land and 1.8 square miles (4.7 km2) of it (20.17%) is water. National City is bounded by San Diego to the north and northeast, Bonita to the southeast, and Chula Vista to the south across the Sweetwater River "Sweetwater River (California)"). San Diego Bay lies to the immediate west of the city. Also, within the boundaries of National City on the eastern side [...] Most recent data from the 2020 United States census reported that National City had a population of 56,173, with a population density of 6,200 people per square mile (2,400 people/km2). The demographic breakdowns are as follows: 4,470 (8.0%) were White, 2,239 (4.0%) African American "African American (U.S. Census)"), 957 (1.7%) Native American "Native American (U.S. Census)"), 11,094 (19.7%) Asian "Asian (U.S. Census)"), 335 (0.6%) Pacific Islander "Pacific Islander (U.S. Census)"), and 12,337 [...] of town is the unincorporated area of San Diego County known as Lincoln Acres. National City is 15 minutes away from the US–Mexico Border (Tijuana).
Wikidata
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View on DBPediaLocation Data
National City, San Diego County, California, 91950, United States
Coordinates: 32.6781085, -117.0991967
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