Finalized by President Franklin D. Roosevelt on March 9, 1933, the legislation had been directed at restoring general public self- self- confidence within the nation’s economic climate after a bank holiday that is weeklong.

“The crisis banking legislation passed away by the Congress today is really a many step that is constructive the answer regarding the economic and banking problems that have confronted the united states. The extraordinary rapidity with which this legislation had been enacted by the Congress heartens and encourages the nation. ” – Secretary regarding the Treasury William Woodin, March 9, 1933

“I’m able to ensure you it is safer to help keep your profit a reopened bank than underneath the mattress. Weiterlesen