50 likes | 409 Views
United States Bank Holiday of 1933. By: Chelsy Petersen. U.S. Bank Holiday. Closed the banks from March 6-10 Keep depositors from bankrupting the banking system. It’s a bank holiday aimed to help the people Couldn’t pay loans Wanted to help their financial crises. Bank Holiday.
E N D
United States Bank Holiday of 1933 By: Chelsy Petersen
U.S. Bank Holiday • Closed the banks from March 6-10 • Keep depositors from bankrupting the banking system
It’s a bank holiday aimed to help the people Couldn’t pay loans Wanted to help their financial crises Bank Holiday
Made time for FDR to push the Emergency Banking Act through the legislative chain. -Shut down weak banks -Could reopen if money in reserve was greater then what had been deposited. What it did
Sources • http://en.wikipedia.org/wiki/Bank_holiday • http://www.nationmaster.com/encyclopedia/United-States-bank-holiday • http://www.history.com/this-day-in-history.do?action=Article&id=5755 • http://delmardustpan.blogspot.com/2008/03/1933-bank-holiday.html