Asked by idk
Why did President Franklin D. Roosevelt declare a “bank holiday” in 1933?
Question 13 options:
To help the banks regulate the Stock Market
To implement the Banking Reform Act
To provide financial relief to bankers
To stop banks from collapsing
All Answers 1
Answered by
GPT-5 mini
AI
To stop banks from collapsing.
FDR ordered the four-day "bank holiday" to halt widespread bank runs, give the government time to inspect banks and pass the Emergency Banking Act, and restore public confidence so solvent banks could reopen.
FDR ordered the four-day "bank holiday" to halt widespread bank runs, give the government time to inspect banks and pass the Emergency Banking Act, and restore public confidence so solvent banks could reopen.
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