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1933 Bank Holiday Ordered...
1933 Bank Holiday Ordered...
Item # 568906
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March 06, 1933
THE CLEVELAND NEWS, Cleveland, Ohio, March 6, 1933
* United States Bank Holiday
* The Great Depression
* Franklin D. Roosevelt inauguration
This 16 page newspaper has a historic two line banner headline: "NATION'S PAYROLL CASH TO BE FREED IN UP-MOVE" with subheads and related photos.
This action would have the desired effect of stopping the panic run on the nation's banks, and happened the day after F.D.R. was inaugurated. One of the more historic issues from the Depression-era.
Other news and advertisements of the day. Light browning with some margin wear and chipping, otherwise good. Should be handled with care.
wikipedia notes: : The United States Bank Holiday of the Great Depression took place in 1933 when Franklin D. Roosevelt closed the banks from March 6 to March 10 to keep depositors from bankrupting the banking system by withdrawing all their money.
Banks were allowed to reopen when they could prove that the money in their reserves was greater than or equal to the money that had been deposited in. If the banks were unsound they would stay closed or could apply for a government loan in order to keep from declaring bankruptcy.
Category: The 20th Century
No Longer Available
