Bank Holiday


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Bank Holiday

Various
In England there are typically six "bank holidays"—weekdays when the banks are closed for business: New Year's Day, Good Friday, Easter Monday, Early May Bank Holidays, Spring Bank Holiday (in late May), August (or Summer) Bank Holiday, Christmas, and Boxing Day. These official public holidays were established by law in 1871 and are traditionally spent at local fairgrounds.
In the United States, the Great Depression of 1929 had caused many people to withdraw their savings, and the banks had trouble meeting the demand. In February 1933 the Detroit banks failed and this caused a country-wide panic. President Franklin D. Roosevelt proclaimed his first full day in office (March 6, 1933) a national "Bank Holiday" to help save the country's banking system. The "holiday" actually lasted 10 days, during which "scrip" (paper currency in denominations of less than a dollar) temporarily replaced real money in many American households.
SOURCES:
AnnivHol-2000, pp. 91, 146
DictDays-1988, pp. 6, 8
References in periodicals archive ?
DIY is a popular way to spend a bank holiday weekend, so approach roads to certain stores can be traffic hotspots.
I am talking, of course, about the rift between people who have to work on Bank Holidays and people who do not.
The new store will be open from 7am to 10pm on weekdays, Saturdays, and Bank Holidays and it will also be able to receive deliveries at those times.
BRC director general Helen Dickinson, said "At this time of the year parents are busily shopping for back-to-school essentials like clothes, footwear and stationery and those sales will peak later this year," adding that "Large-ticket item categories like furniture and household appliances also experienced a decline in sales, again likely affected by the bank holiday distortion.
These days, more shops seem to be open than closed on bank holidays and they seem to be on different days in different parts of the country, so it was only going to be a matter of time before the banks followed suit and opened their doors.
Better still, read all about it, there is a 100 per cent chance you and your family will explode if you get behind the wheel this bank holiday.
6 million British holidaymakers have taken an overnight holiday trip in the UK during the ongoing August Bank Holiday weekend, with around 2.
Last year the Royal family announced the additional Tuesday bank holiday to celebrate Queen Elizabeth II's 60 years on the throne.
Opinions were mixed as to whether the additional Royal Wedding bank holiday was good or bad for local business.
Summary: The May Day bank holiday could be scrapped and replaced with a new holiday in the autumn, under plans being considered by the Government.
Bank holiday meetings are where the Brian and Ben protagonists should be looking to promote racing.
GOVERNMENT plans to introduce a new British Day bank holiday won your overwhelming backing.