At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

What was the purpose of the bank holiday and the emergency banking relief act

Sagot :

Answer:

Bank holiday

Following his inauguration on March 4, 1933, President Franklin Roosevelt set out to rebuild confidence in the nation's banking system and to stabilize America's banking system. On March 6 he declared a four-day national banking holiday that kept all banks shut until Congress could act.