On This Day in History, March 7: Roosevelt’s Bank ‘Holiday’ Over
Brooklynites breathed a sigh of relief on March 7, 1933, when they saw this headline in the 4-Star Extra of the Brooklyn Daily Eagle:
REOPENED BANKS MEET VITAL NEEDS
President Roosevelt had proclaimed a national “Bank Holiday” to begin nationwide on March 6 to save the faltering banking system. This is what the Eagle reported on March 7: