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As the debate over policies and programs swirled around him, President Roosevelt took office with one thing clear in his mind.Very few of the proposed solutions would work as long as the nations banks remained closed.Therefore, the first thing he had to do was restore confidence in the banking system.On his very first night in office, Roosevelt told Secretary of the Treasury William H. Woodin that he wanted an emergency banking bill ready for Congress in less than 5 days. The following afternoon, Roosevelt declared a national bank holiday, temporarily closing all banks, and called Congress into a special session scheduled to begin on March 9, 1933.
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