Ever wondered about the big plaque of Alexander Hamilton near Dupont Circle?
- August 27, 2016
- Gary Richardson, economist, via The Washington Post, Aug. 27, 2016
Shortly after taking office in 1933, Franklin Roosevelt shut down all commercial banks for a week − the “national banking holiday.” The idea, said Gary Richardson, an economics professor at the University of California, Irvine and former historian of the Federal Reserve, was to give the government time to figure out how to address the problem, deciding which banks were strong enough to reopen and which had to be liquidated.
For the full story, please visit https://www.washingtonpost.com/local/ever-wondered-about-the-big-plaque-of-alexander-hamilton-near-dupont-circle/2016/08/27/6088d94a-6ad2-11e6-99bf-f0cf3a6449a6_story.html.