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Alle Oberthemen / Economics / History of Economics / ECON 2200 Final Exam
48
In March of 1933, FDR imposed a 1-week bank holiday.  Explain the holiday.  What was its impact?
Banks shut down for 1 week and the government took that time to inspect them for solvency. If they weren't solvent, they wold be dismantled in an organized way so that as many depositors as possible got repaid.

Impact: It worked!  Restored confidence in the banking system.
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Autor: savhighsmith
Oberthema: Economics
Thema: History of Economics
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 11.12.2010

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