HOW ROOSEVELT RESTORED CONFIDENCE IN BANKING AND FINANCE
- Created by: C.P.
- Created on: 27-04-13 15:53
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- HOW ROOSEVELT RESTORED CONFIDENCE IN BANKING AND FINANCE
- USA was taken of the gold standard
- Bank failure rates fell - Deposits rose - confidence returned
- Stock market was monietered alot more closely
- 4 day closure of all banks
- Only health banks re-opened
- Weak banks became federaly supervised
- New laws - limited speculation + insured deposits
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