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On this day: March 5

POSTED: 10:05 AM PST Mar 01, 2013    UPDATED: 11:00 PM PST Mar 04, 2014 

The Boston Massacre riles up American colonists, Che strikes a famous pose, Elvis is discharged, a plane crash kills Patsy Cline, and John Belushi overdoses, all on this day.

OTD March 5 - 1933 bank holiday
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Public domain

1933: One day after his inauguration, President Franklin D. Roosevelt declares a "bank holiday," closing all U.S. banks and freezing all financial transactions on March 6-9. The "holiday" not only helped stem the frantic run on banks during the Great Depression, but gave Roosevelt time to push the Emergency Banking Act through the legislative chain. Passed by Congress on March 9, the act handed the president a far-reaching grip over bank dealings and foreign transactions.

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