how long did the bank holiday last
Within weeks, thirty-six other states held their own bank holidays in an attempt to stem the bank runs. The banking system was on the verge of collapse. On March 4, Delaware became the 48th and last state to close its banks. Following his inauguration on March 4, 1933, President Franklin Roosevelt set out to rebuild confidence in the nation's banking system. On March 6 he declared a four-day banking holiday that kept all banks shut until Congress could act. A draft law prepared by the Treasury staff during Herbert Hoover's administration, was passed on March 9, 1933.