Washington, D.C. – On October 12, 1933, the nation’s capital was thrown into turmoil as markets and banks closed, bringing with it a day of uncertainty and chaos. The unexpected closures caught everyone off guard, including the Treasury Department, which failed to issue its customary daily gold price quotation and statement of Federal Reserve Bank condition and loans to brokers. The gold price announcement would resume the next day, but for now, the country was left in the dark about its financial situation.
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Key Facts
- State: National
- Category: Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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