What was the purpose of the bank holiday and the emergency banking relief act

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06-04-2021
History

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What was the purpose of the bank holiday and the emergency banking relief act

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Humairaparveen2008idn Humairaparveen2008idn · Answer 1 · 2021-04-06T12:57:45-04:00

Humairaparveen2008idn Humairaparveen2008idn

06-04-2021

Answer:

Bank holiday

Following his inauguration on March 4, 1933, President Franklin Roosevelt set out to rebuild confidence in the nation's banking system and to stabilize America's banking system. On March 6 he declared a four-day national banking holiday that kept all banks shut until Congress could act.

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