February 4th, 1936

Following the crash of Berlin's stock exchange and with the precedent at the start of the Weltkrieg, the New York Stock Exchange shuttered its doors today in response to a deteriorating global situation until April 4th, upon which the NYSE will decide on if they will resume trading or continue to shutter its doors. While this is the second shuttering of the NYSE in its history and is two months shorter than the first shuttering in 1914, questions will remain on what will happen to American stock prices following the reopening as both the Wagner-Garner Bill and Black Monday work to counteract each other effects.

After consultation with members of both the cabinet and the more liberally inclined of the establishment, President Hoover has declared a five day national banking holiday, in order to help avoid banking runs while also allowing Congress some time to - hopefully - get its act together and pass legislation to help prevent bank runs if the Reconstruction Finance Corporation is unable to achieve its mandate of full recapitalization. Only time will tell if Congress can get its act together.