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7 January, 04:02

President franklin roosevelt declared a five-day ""bank holiday"" to

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  1. 7 January, 04:23
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    Close banks temporarily and give them a chance to reopen in stronger conditions.

    Explanation:

    In March 6, 1933, Roosevelt declared a five-day national bank holiday. It was his second day as a president, but in the Hoover's era around 1,500 banks had closed each year. Roosevelt expected that with this break banks would reopen with better chances to survive.
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