WHAT HAPPENED? Emergency Banking Relief Act
WHAT HAPPENED? Emergency Banking Relief Act
Fri Jan 16 14:35:18 2004

Emergency Banking Relief Act

Newsweek Magazine (11th March, 1933)

Less than 34 hours after he became President of the United States, Franklin D. Roosevelt took action unprecedented in American history. By proclamation, under a war-time measure's terms, he closed the doors of every bank in the United States and its possessions.

On 9th March, 1933, Congress passed the Emergency Banking Relief Act which provided for the reopening of the banks as soon as examiners had found them to be financially secure. Within three days, 5,000 banks had been given permission to be re-opened.

Later that year Congress passed the 1933 Banking Act. The Federal Reserve Board was given tighter control of the investment practices of banks and the Federal Deposit Insurance Corporation was set up to insure all deposits in banks up to $5,000.

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PKT: oct97 : [Fwd: Fwd: Emergency Banking Relief Act of March 9, 1933]
9, 1933 [Fwd: Fwd: Emergency Banking Relief Act of March 9, 1933] Messages ... COM> Subject: Fwd: Emergency Banking Relief Act of March 9, 1933 To: CONCORD ... Subj: The "Emergency" Banking Relief Act of March 9, 1933, 48 Stat ... 9, 1933 [Fwd: Fwd: Emergency Banking Relief Act of March 9, 1933] Messages sorted by: [ date ][ thread ][ subject ][ author ] Next message: Hyman Blumenstock: "Re: infinite wants, basic needs, and structural desire" Previous message: Harry Veeder: "Re...

Gold Confiscation & Emergency Banking Bill of l933
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The Bankruptcy of the United States
A 39 part Series of documents, pertaining to:
The receivers of the United States Bankruptcy are the International
Bankers, via the United Nations, the World Bank and the International
Monetary Fund. All United States Offices, Officials, and Departments are now
operating within a de facto status in name only under Emergency War Powers.
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I was born an American. I live as an American; I shall die an American; and I intend to perform the duties incumbent upon me in that character to the end of my career. I mean to do this with absolute disregard to personal consequences. What are the personal consequences?

What is the individual man with all the good or evil that may betide him, in comparison with the good and evil which may befall a great country, and in the midst of great transactions which concern that country's fate? Let the consequences be what they will, I am careless, No man can suffer too much, and no man can fall too soon, if he suffer or if he fall, in the defense of the liberties and Constitution of his country.

...Daniel Webster

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