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The Emergency Banking Bill was passed by Congress the day after Franklin Roosevelt's inauguration. A bank holiday was declared, and all banks were closed for a week to prevent a collapse of the banking system. After the banks re-opened, the public confidence in the system was restored, due to measures taken by Roosevelt.

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9y ago
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9y ago

Congress passed the Emergency Banking Bill the day after FDR's inauguration.

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10y ago

emergency banking bill

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Q: What legislation did congress pass the day after Franklin Roosevelts inauguration?
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