Emergency Banking Act of 1933
GPTKB entity
Statements (68)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:addressed |
bank runs
|
| gptkbp:allows |
federal government to inspect banks
the closure of insolvent banks withdrawals from banks |
| gptkbp:effective_date |
March 9, 1933
|
| gptkbp:enacted_by |
gptkb:legislation
|
| gptkbp:established |
gptkb:Federal_Deposit_Insurance_Corporation
|
| gptkbp:followed_by |
other financial reforms
|
| gptkbp:historical_debate |
in Congress
|
| https://www.w3.org/2000/01/rdf-schema#label |
Emergency Banking Act of 1933
|
| gptkbp:increased |
public confidence in banks
government control over banks |
| gptkbp:influenced |
subsequent banking reforms
|
| gptkbp:influenced_by |
banking crises of the early 1930s
|
| gptkbp:is_aimed_at |
protecting depositors
restoring trust in the banking system rebuilding the economy reducing bank failures reforming the banking system preventing further bank failures protecting the economy rebuilding public trust in banks |
| gptkbp:is_considered |
a landmark piece of legislation.
a necessary measure a success a pivotal moment in U. S. banking history |
| gptkbp:is_criticized_for |
some economists
government overreach some financial experts |
| gptkbp:is_designed_to |
protect the financial system
restore stability to the banking sector |
| gptkbp:is_implemented_in |
to stabilize the economy
during a national emergency to prevent economic collapse to restore order in the banking sector |
| gptkbp:is_opposed_by |
some political factions
|
| gptkbp:is_part_of |
gptkb:the_New_Deal_program
Great Depression response financial reforms the broader New Deal initiatives the legislative agenda of the New Deal the response to the Great Depression |
| gptkbp:is_supported_by |
gptkb:the_Roosevelt_administration
the American public American public banking industry leaders |
| gptkbp:led_to |
gptkb:Banking_Act_of_1935
|
| gptkbp:legislation |
by the President
to address banking failures to address the banking crisis of the 1930s to ensure the safety of deposits to restore confidence in banks |
| gptkbp:part_of |
gptkb:New_Deal_legislation
|
| gptkbp:passes_through |
quickly
with bipartisan support in response to public demand for reform during a banking crisis to prevent further economic decline |
| gptkbp:provides |
emergency loans to banks
|
| gptkbp:purpose |
stabilize the banking system
|
| gptkbp:requires |
banks to report their financial condition
|
| gptkbp:resulted_in |
bank holidays
reopening of solvent banks |
| gptkbp:signed_by |
gptkb:Franklin_D._Roosevelt
|
| gptkbp:bfsParent |
gptkb:Depression_Era
gptkb:America's_Great_Depression |
| gptkbp:bfsLayer |
5
|