President explained...’ Within two weeks people returned more than half of the cash they had been hoarding, and the first stock-trading day after the bank holiday marked the largest-ever one-day percentage price increase.
#GreatDepression #FiresideChats #BankingCrisisOf1933

New York’s deserted financial district during the bank holiday of March 1933
#FDR #bankingcrisisof1933 #GoldStandard #bankholiday #WallStreet #NYSE

‘Roosevelt Decrees 4-Day Bank Holiday. President, Cabinet Speed Arrangements for Issuing Scrip. Embargo Put on Gold Export.’ *Oakland Tribune*, Monday, March 6, 1933.
#FDR #bankingcrisisof1933 #GoldStandard #bankholiday

#OTD in 1933
👇🧵
‘Roosevelt Orders 4-Day Bank Holiday. Puts Embargo on Gold, Calls Congress’
*New York Times*, Monday, March 6, 1933.
#FDR #bankingcrisisof1933 #GoldStandard #bankholiday #executiveorder

President explained...’ Within two weeks people returned more than half of the cash they had been hoarding, and the first stock-trading day after the bank holiday marked the largest-ever one-day percentage price increase.
#GreatDEpression #FiresideChats #BankingCrisisOf1933

New York’s deserted financial district during the bank holiday of March 1933
#FDR #bankingcrisisof1933 #GoldStandard #bankholiday #WallStreet #NYSE

‘Roosevelt Decrees 4-Day Bank Holiday. President, Cabinet Speed Arrangements for Issuing Scrip. Embargo Put on Gold Export.’ Oakland Tribune, Monday, March 6, 1933.
#FDR #bankingcrisisof1933 #GoldStandard #bankholiday

#OTD in 1933
👇🧵
‘Roosevelt Orders 4-Day Bank Holiday. Puts Embargo on Gold, Calls Congress’
*New York Times*, Monday, March 6, 1933.
#FDR #bankingcrisisof1933 #GoldStandard #bankholiday #executiveorder