3 years ago

Fdr announces a 4-day ""bank holiday"" while working on a plan to prevent bank failures. True or False

History

1 answer:

mylen [45]3 years ago

7 0

Answer:

True

Explanation:

Upon Frank D Roosevelt's inauguration in March 4th 1933 as president, he set out to rebuild the nation's banking system. Before that Michigan declared an 8 day bank holiday and there had been great fears of other bank closures in other states. People were rushing out to get their money out of the banks.

On March 6th Franklin Roosevelt declared a 4 day national bank holiday that kept banks closed till Congress could take action.

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