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Bank Holiday

Updated: 1/20/2022
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Curtis Strite

Lvl 13
2y ago

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All banks were to close while Congress met to discuss the bank situation. After four days, Congress passed the Emergency Banking Act which allowed banks to reopen only if the Treasury Department inspected and testified that the bank had sufficient tax reserves.

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Curtis Strite

Lvl 13
2y ago
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Q: Bank Holiday
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