HOW ROOSEVELT RESTORED CONFIDENCE IN BANKING AND FINANCE

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  • 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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