2 years ago

This is a term used for emergency bank closures mandated by Congress to relieve financial

History

1 answer:

777dan777 [17]2 years ago

6 0

Answer:

Bank Holiday, is the right answer.

Explanation:

The Congress of the United States enacted an act, known as the Emergency Banking Act in the year 1933 to support the banking system of the nation. Following this act, the government of the United States announced an eight-day bank holiday as a result of the Great Depression. The banks were closed by the government to relieve financial crises.

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