Upon taking office President Roosevelt declared a national bank holiday to allow the federal government to inspect the banks and only allowed those considered solvent to reopen.

Name: Upon taking office President Roosevelt declared a national bank holiday to allow the federal government to inspect the banks and only allowed those considered solvent to reopen.
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Question

Upon taking office President Roosevelt declared a national bank holiday to allow the federal government to inspect the banks and only allowed those considered solvent to reopen.​

Quizplus · Accepted Answer

President Roosevelt did declare a national bank holiday and only allowed solvent banks to reopen after inspection by the federal government.

Upon Taking Office President Roosevelt Declared a National Bank Holiday