History of the United States II / Unit 11 USH2 1511 short lesson, about 20 seconds
The Emergency Banking Act
Captions available
The idea
The Emergency Banking Act became law on March ninth, nineteen thirty-three, signed eight hours after Congress first saw the bill.
In practice
Solvent banks reopening under government supervision, and the RFC buying stock in troubled ones, Digital History says.
Where people slip
Aides had drafted it in four days. Digital History adds that it gave the president broad powers over the Federal Reserve.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
Unlocks
Something wrong in this lesson? Flag it · Sources for History of the United States II