jan 1, 1933 - Emergency Banking Relief Act/Bank Holiday

Description:

Closed all banks and had Congress pass the Emergency Banking Relief Act, which allowed the government to look at all banks and decide which would reopen immediately and which could reopen with government loans. Gave people more confidence in the banking system.

Added to timeline:

APUSH Unit 7 Timeline (Roaring Twenties, Great Depression, and WWII)

ByShevlin Jaffe

17 Dec 2020

580

Date:

jan 1, 1933

Now

~ 92 years ago