FDR declared a ..... when he closed all the banks and did not allow them to reopen until they were stable.

THE GREAT DEPRESSION

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

FDR declared a ____ when he closed all the banks and did not allow them to reopen until they were stable.

A	Bank closures
B	Bank retreats
C	Bank Holiday
D	Margin Holiday

Explanation:

Detailed explanation-1: -Just after his inaugural ceremony on March 4, 1933, President Franklin D. Roosevelt set out to restore trust in the country’s banking system and to stabilize it. He declared a four-day national banking holiday on March 6, shutting down all banks until Congress could act.

Detailed explanation-2: -Following his inauguration on March 4, 1933, President Franklin Roosevelt set out to rebuild confidence in the nation’s banking system and to stabilize America’s banking system. On March 6, he declared a four-day national banking holiday that kept all banks shut until Congress could act.

Detailed explanation-3: -After a month-long run on American banks, Franklin Delano Roosevelt proclaimed a Bank Holiday, beginning March 6, 1933, that shut down the banking system. When the banks reopened on March 13, depositors stood in line to return their hoarded cash.

There is 1 question to complete.

USA HISTORY

THE GREAT DEPRESSION 1929 1940

THE GREAT DEPRESSION