The first wave was in the 1960s and, at that time, Congress had limits-- state governments had limits on the interest that savings banks could pay people on their accounts.

在20世纪60年代,那时候国会限制了...,各州政府给储蓄银行,设定了账户利率的支付上限

耶鲁公开课 - 金融市场课程节选

The government was panicked because the banks didn't have enough money to give it to them, so the government shut down the bank accounts and it led to rioting in the streets.

这令政府感到恐慌,因为银行没有足够的资金支付给提款者,所以政府冻结了银行账户,这导致了街头暴乱

耶鲁公开课 - 金融市场课程节选

You used to get checks in the mail; now you go on a website and you'll see that your dividends are credited to your account, but money is growing in your account as companies pay out dividends.

你过去习惯于通过挂号信取得支票,现在你登陆网站,就能看到股利自动分发到你的账户,公司支付了股利,帐户中的金额就会增加

耶鲁公开课 - 金融市场课程节选