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What did the emergency banking act give president roosevelt the authority to do


Good day, Pino! On the 9th of March in 1933, the Emergency Banking Act was signed by President Roosevelt. This legislation granted him the power to take steps to address the challenges faced by troubled banks. To this end, he instituted measures to make it more difficult for such banks to stabilize. Additionally, he designated March 5th 1933 as National "Bank Day".