19h 52min, nov 3, 1933 y - Emergency Banking Relief Act enacted
Description:
This was an act that was passed with the intention to stabilize the banks during this time period. It was very much needed, because many banks had to be shut down after investors could not repay their loans back that they owed to the banks. It would reorganize and reopen banks that were strong enough to survive.
Added to timeline:
APUSH: Chapter 23 & 24
Date:
