It let banks get reorganized and avoid falling.
It helped the banks during the Great Depression to save money.
to allow banks to organize paperwork and to prevent people to withdraw all of their cash to prevent banks from failing.
to restore confidence in banks.
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their confrence
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Franklin Delano Roosevelt declared a bank holiday to repair the banking system. During the time of the bank holiday, he closed all banks, then had them examined to see how sound they were. Once a bank was strong enough to be able to function properly, as a bank should, that bank was reopened to the public.
bank holiday
Bank holiday
A bank Holiday
bank holiday
He declared a bank holiday.
The declaration of a Bank Holiday
bank holiday
The first major action that Roosevelt took as president was to have the bans in the country inspected. This was a way deal with the banking crisis.
The declaration of a Bank Holiday