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mar 9, 1933 - Emergency Banking Act

Description:

Designed to protect the larger banks from being dragged down by the weakness of smaller ones
Provided mandatory inspections before banks were allowed to reopen and federal assistance for those in greatest difficulty to reorganize

Added to timeline:

APUSH The 1920s and 1930s

ByAstrid Mazzeno
2 Mar 2021

Date:

mar 9, 1933
Now
~ 91 years ago
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