History of the United States II / Unit 11 USH2 1510 short lesson, about 20 seconds
The Bank Holiday
Captions available
The idea
Roosevelt's first move was a national bank holiday closing every bank, with Congress called into special session.
In practice
Digital History's count of the damage: about nine thousand banks failed since nineteen twenty-nine, holding the savings of twenty-seven million families.
Where people slip
Fourteen hundred fifty-six of those banks had folded in nineteen thirty-two alone.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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