Quantcast

A community for students. Sign up today!

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

Surferbumm

  • 2 years ago

What was one short-term effect of the Emergency Banking Act? Roosevelt declared a bank holiday. Commercial and investment banking were split. Banks began to fail because of ongoing bank runs. People stopped rushing to banks to withdraw all their savings.

  • This Question is Closed
  1. LaynaMae
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    The Emergency Banking Act only had short term effects because it closed banks and then reopened them when they could be financially secure. A short term effect of it is that people would leave their money in the banks.

  2. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Ask a Question
Find more explanations on OpenStudy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.