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23-03-2019
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How did FDR use the bank holiday and FDIC to return people’s confidence to their banks?

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23-03-2019

According to William L. Silber: "The Emergency Banking Act of 1933, passed by Congress on March 9, 1933, three days after FDR declared a nationwide bank holiday, combined with the Federal Reserve's commitment to supply unlimited amounts of currency to reopened banks, created 100 percent deposit insurance.

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