mar 9, 1933 - Emergency Banking Act
Description:
The Emergency Banking Act was passed in 1933, shortly after President Franklin D. Roosevelt took office during the Great Depression. This act provided for the reopening of the banks under strict conditions and the Federal Reserve's oversight, effectively stabilizing the banking system by restoring public confidence and halting the widespread bank runs that had plagued the nation.Added to timeline:
Date:
mar 9, 1933
Now
~ 92 years ago