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30 Years Ago Today Banking System Near Collapse
The article recalls Franklin D Roosevelt sworn in March 4 1933 as banks closed nationwide. Withdrawals surged from 5.8 million to 484 million, a national bank holiday followed, and the New Deal began with the March 9 bank bill. Debates over causes and public confidence continue to shape reforms and FDIC protections.
MENTIONED IN THIS ARTICLE
Franklin Delano Roosevelt
Franklin D. Roosevelt
Lion
Fed
Roosevelt
Washington
Treasury
Herbert Hoover
Raymond Moley
Roosevelt “Brain Trust
Congress
Hoover
Reconstruction Finance Corporation
John Nance Garner
Federal Reserve System
John Kenneth Galbraith
India