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AP US History
Unit 7 – Conflict in the Early 20th Century, 1890–1945
Topic 7.10
Why did Franklin D Roosevelt initially declare a Banking Holiday?
To enable banks to close permanently due to their losses.
As a symbolic gesture against Wall Street corruption without practical implications.
To decrease public trust in banking institutions.
To allow federal government inspection of banks before reopening them safely.
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AP US History - 7.10 The New Deal
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Banking Holiday
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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