Tuesday, March 5, 2013

This Day in History March 5, 1933

Things were pretty bad during the Great Depression, and on this date in 1933, President Franklin Roosevelt declared that there would be a bank holiday on the following day.  What that meant was that all bank transactions would be suspended for four days.  This was a necessary thing because only fifty percent of banks were even holding on at this point.  This was FDR's first full day in office, by the way.

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1 comment:

  1. I love reading posts like this. Thanks for posting.


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