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rahulmr / Rahul
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2024-08-26 07:05:27

rahulmr on Nostr: It’s a bank holiday in the UK today. The concept of a bank holiday originated in ...

It’s a bank holiday in the UK today.

The concept of a bank holiday originated in the United Kingdom with the Bank Holidays Act of 1871 introduced to give workers a break while allowing banks to settle accounts and perform maintenance.

In the United States, "bank holidays" gained particular significance during the Great Depression when President Franklin D. Roosevelt declared a national bank holiday in 1933. This emergency closure allowed the government to stabilize the banking system and restore public confidence. The term is now used in the U.S. to refer to certain public holidays when banks close.

Happy Bank Holiday. There will come a time when everyday will be a “bank holiday” and it will be glorious.

FYI, saying anything against banks is coming under protected speech. All the more reason that the #Nostr survives and thrives

#bitcoin
#bankholiday
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