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History, 10.05.2021 23:30 taesthetic11
10 POINTS MARKING BRAINLIEST TOO Which steps did Franklin D. Roosevelt take to handle the banking crisis of the Great Depression?
He pushed for the creation of the Federal Reserve system and the first truly central bank of the United States, which prevented individual banks from granting risky loans and printing their own currency.
He signed an executive order that compelled the Treasury department to give enough money to struggling banks that they would be able to remain open and meet their financial obligations until the nation’s economy recovered.
He closed all banks for four days in order to check their health and restore consumer confidence, and he worked with Congress to pass legislation that protected deposits and gave the Fed greater regulatory power.
He encouraged citizens to buy government bonds and treasury bills rather than store their money in commercial banks, which gave the banks time to recover their losses and restore customer confidence.
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10 POINTS MARKING BRAINLIEST TOO Which steps did Franklin D. Roosevelt take to handle the banking cr...
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