Emergency Banking Act
The Emergency Banking Act (or Emergency Banking Relief Act ) is a adopted American Loi the March 9th 1933 under the impulse of the president Franklin D. Roosevelt within the framework of the Grande depression.
Vis-a-vis the risk of Bankruptcy in chain of the American Bank S, this law set up a closing plan generalized of the banks in order to have time to reorganize the viable banks by stopping the Course with the liquidities. This law also establishes a banking division between deposit banks and investment bank in order to decrease the risk of bankruptcy.
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