Signed by President Franklin D. Roosevelt on March 9, 1933, the legislation had been directed at restoring general general public self- confidence within the nation’s economic climate following a bank holiday that is weeklong.

Signed by President Franklin D. Roosevelt on March 9, 1933, the legislation had been directed at restoring general general public self- confidence within the nation’s economic climate following a bank holiday that is weeklong.

“The crisis banking legislation passed away by the Congress today is a most step that is constructive the answer of this monetary and banking problems that have confronted the nation. The rapidity that is extraordinary which this legislation ended up being enacted because of the Congress heartens and encourages the nation. ” – Secretary of the Treasury William Woodin, March 9, 1933

“i could ensure you that it’s safer to help keep your money in a reopened bank than beneath the mattress. ” – President Franklin Roosevelt inside the first Fireside Chat, March 12, 1933

Right after their inauguration in March 1933, President Franklin Roosevelt attempt to reconstruct self- self- self- confidence when you look at the banking system that is nation’s. Continue reading “Signed by President Franklin D. Roosevelt on March 9, 1933, the legislation had been directed at restoring general general public self- confidence within the nation’s economic climate following a bank holiday that is weeklong.”