What was the purpose of the march 1933 bank holiday?

to identify and close failing banks

to allow customers to take their money out of banks without penalty

to freeze bank accounts so no more banks would fail

to temporarily close all banks so a federal banking relief program could be put in place

D:

to temporarily close all banks so a federal banking relief program could be put in place.

have a good day

i thing that the best option is a.they feared it would cause a second economic collapse.

one of the most negatives aspects of the new deal was that it upset the balanced federal budget and led to a huge deficit for the nation while at the same time failed to end increasing unemployment. roosevelt's program, based on keynesian theories of economics, called for massive government spending to stimulate the economy. as he   failed to do this with large tax increases; large sums of money were borrowed to fund new deal programs. when the economy showed some improvement, roosevelt was concerned about inflation, and ordered cuts in government spending. unfortunately, he did so at a time when the new social security tax had cut people's disposable income. businesses were too afraid of spending, and the economy in 1937 was in worse shape than in 1929. at the end of that year, two million people were unemployed.

on this day in 1833, president andrew jackson announces that the government will no longer use the second bank of the united states, the country's national bank. a national bank had first been created by george washington and alexander hamilton in 1791 to serve as a central repository for federal fund