Question

To counter bank runs during the Great Depression, the federal government

Question 17 options:

created the Silver Standard.


created the Federal Reserve System.


declared a bank holiday.


created the Gold Standard.

Answer 1

Created the Gold Standard

Step-by-step explanation:

President Franklin D. Roosevelt's choice to take America off the highest quality level may have facilitated the most exceedingly awful impacts of the Great Depression. Be that as it may, the reasons for the Depression were various. After the financial exchange crash of 1929, different complex variables made the conditions essential for the most prolonged and most profound monetary downturn in present-day history.

The gold standard level is a financial framework wherein a country's money is pegged to the estimation of gold. In the gold standard level framework, a given measure of paper cash can be changed over into a fixed ratio of gold.

Answer 2

To counter bank runs the federal government declared a bank holiday

Step-by-step explanation:

A bank run is a situation whereby a very large if not all bank customers make a huge withdrawals of there funds deposited in a bank with the fear of the Bank failing in the the near future, this makes banks to liquidate loans and eventually failing.

during the great depression a lot of customers lost faith in the banking system and decided to make withdrawals of their monies left in the bank and this lead to a lot of bank selling off there assets and liquidating loans to come up with the funds to payoff customers.

After the victory of Roosevelt in the presidential election in march 1933 Roosevelt declared a bank Holiday almost immediately after taking over office, to help reduce the bank runs and after which he addressed the nation on the need to stop the bank runs and this helped counter the bank runs.