“The crisis banking legislation passed away by the Congress today is a many step that is constructive the perfect solution is for the monetary and banking difficulties that have confronted the nation. The extraordinary rapidity with which this legislation had been enacted by the Congress heartens and encourages the nation. ” – Secretary of this Treasury William Woodin, March 9, 1933
“i will ensure you it is safer to help keep your profit a reopened bank than underneath the mattress. Continue reading Finalized by President Franklin D. Roosevelt on March 9, 1933, the legislation ended up being aimed at restoring general general general public confidence within the nation’s economic climate after a bank holiday that is weeklong.