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17 August, 12:35

How did FDR use the bank holiday and FDIC to return people's confidence to their banks?

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  1. 17 August, 14:57
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    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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