This is a term used for emergency bank closures mandated by Congress to relieve financial

crises.

Question

Kaia Palmer

History

20 September, 03:50

This is a term used for emergency bank closures mandated by Congress to relieve financial

crises.

+3

Answers (1)

Know the Answer?

Ricardo Meadows · Answer 1

Bank Holiday, is the right answer.

Explanation:

The Congress of the United States enacted an act, known as the Emergency Banking Act in the year 1933 to support the banking system of the nation. Following this act, the government of the United States announced an eight-day bank holiday as a result of the Great Depression. The banks were closed by the government to relieve financial crises.

This is a term used for emergency bank closures mandated by Congress to relieve financialcrises.

This is a term used for emergency bank closures mandated by Congress to relieve financial

crises.