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

“The crisis banking legislation passed away by the Congress today is really a many constructive action toward the clear answer associated with the economic and banking problems which may have confronted the nation. The extraordinary rapidity with which this legislation ended up being enacted because of the Congress heartens and encourages the nation. ” – Secretary of this Treasury William Woodin, March 9, 1933

“I’m able to guarantee you it is safer to help keep your profit a reopened bank than beneath the mattress. ” – President Franklin Roosevelt inside the Fireside that is first chat March 12, 1933

Soon after their inauguration in March 1933, President Franklin Roosevelt attempt to reconstruct self- self- self- confidence within the nation’s bank system.

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