Question

1. Using Source 1, which statement explains the most likely effect of the Emergency

Banking Act on the Great Depression?
ABCD
A.
B.
C.
D.
The act allowed banks to reopen only if they met FDIC standards.
The act loaned money to banks to distribute directly to the people.
The act restored people's confidence in banks when they reopened.
The act reorganized the Federal Reserve to develop new bank regulations.

Answer 1

The Emergency Banking Act restored people's confidence in banks when they reopened during the Great Depression.

Step-by-step explanation:

The most likely effect of the Emergency Banking Act on the Great Depression was that it restored people's confidence in banks when they reopened. The act was passed in 1933 to address the failing banking system during the Great Depression. It allowed banks to reopen only if they met FDIC standards, which ensured the safety of people's deposits and increased trust in the banking system.

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