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EBA (Emergency Banking Act)
18
Transcript
The Emergency Banking Act still in effect today
Bank Holiday
Success or Failure?
FDIC ( Federal Deposit Insurance Corporation )- put in place as a temporary government program as part of the Emergency Banking Relief Act.
Shut down banks for four days.
Success because the Emergency Banking Act helped citizens regain trust in banks.
Work Cited
Main Purpos of the EBA
http://www.newyorkfed.org/research/epr/09v15n1/0907silb.html
http://205snewdeal.weebly.com/emergency-banking-relief-act-fdic.html
- The Act is intended to prevent massive fund withdrawals during crisis periods of low consumer and investor confidence.
Date of Establishment
March 1933
EBA (Emergency Banking Act)
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