This Day in History
March 6th, 1933 – The banking crisis that has plagued various states now effects the whole nation. At 1am, Monday March 6th, Franklin Denanor Roosevelt closes every bank in the nation in a shutdown that was planned to last 4 days, along with banning the export of gold and all foreign exchange transactions. The next couple weeks would become many of FDR’s defining moments preventing the nation’s banking system collapse in the great depression. Banks nationwide would remain closed until at least March 13th. (Source: It was a Very Good Year)
Best March 6th in S&P 500 History:
1998 – Up 1.99%
Worst March 6th in S&P 500 History:
1980 – Down 2.23%
Best March 6th in Dow Jones Industrials History:
1902 – Up 1.83% or 0.87 points.
Worst March 6th in Dow Jones Industrials History:
1931 – Down 2.69% or 4.96 points.