A “bank holiday” was declared by President Franklin Delano Roosevelt (jan 1, 1929 – jan 1, 1933)
Description:
The Great Depression resulted in the failure of nearly 10,000 banks during this four-year period. A “bank holiday” was declared by President Franklin Delano Roosevelt to avoid bank runs. This impacted the economy by creating days in the economy when people could take days off work.Added to timeline:
Date:
jan 1, 1929
jan 1, 1933
~ 4 years