Why did FDR declare a "bank holiday" when he first became President?
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Bank holiday
Following his inauguration on March 4, 1933, President Franklin Roosevelt set out to rebuild confidence in the nation's banking system. On March 6 he declared a four-day national banking holiday that kept all banks shut until Congress could act.
Other short titles: Bank Conservation Act of 1933; Emergency Banking Relief Act of 1933
Long title: An Act to provide relief in the existing national emergency in banking, and ...
Enacted by: the 73rd United States Congress
Public law: Pub.L. 73–1
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