Handout in class: HCW Tylorâs definition of culture Session 2 characteristics outside the mainstream society, culture seems to be bound to an institution or something official, does not distinguish habits and capabilities as biological traits/functions from cultural ones, like running.andout in class: HCW Tylorâs definition of culture Session 2 Source: Wikimedia Commons. From Popular Science Monthly 26 (1884): 145. Public Domain.
The day after his inauguration he called Congress into a special session and declared a 4-day bank holiday. Cliff Berryman, Washington Evening Star (1938) On 9th March, 1933, Congress passed the Emergency Banking Relief Act which provided for the reopening of the banks as soon as examiners had found them to be financially secure. Within three days, 5,000 banks had been given permission to be re-opened. Later that year Congress passed the 1933 Banking Act. The Federal Reserve Board was given tighter control of the investment practices of banks and the Federal Deposit Insurance Corporation was set up to insure all deposits in banks up to $5,000.
Emergency Banking Act: The Emergency Banking Act only had short term effects because it closed banks and then reopened them when they could be financially secure. A short term effect of it is that people would leave their money in the banks. The Emergency Banking Act helped keep the banks from collapsing and people running to them to try and get all their money out.