In the first naval battle between ironclad, the USS Monitor and CSS Virginia clash at the Battle of Hampton Roads. Due to the designs of the ironclads, neither ship caused serious damage to each other, resulting in a stalemate. The battle did signify the end of wooden warships.
The Emergency Banking Relief Act is signed by President Franklin D. Roosevelt. Introduced in Congress on the same day, the act followed up with the federal bank holidays and only allowed Federal Reserve-approved institutions to reopen on March 13.
Now in its 75th year, American Heritage relies on contributions from readers like you to survive. You can support this magazine of trusted historical writing and the volunteers that sustain it by donating today.
