The "bank holiday" declared by Franklin Roosevelt restored public confidence but determined that banks would now be publicly owned institutions.

Name: The "bank holiday" declared by Franklin Roosevelt restored public confidence but determined that banks would now be publicly owned institutions.
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The "bank holiday" declared by Franklin Roosevelt did restore public confidence in the banking system but did not result in banks becoming publicly owned institutions; they remained privately owned.

The "Bank Holiday" Declared by Franklin Roosevelt Restored Public Confidence