Question

Days &

ew Deal
7) E
Days
TEXT ANSWER
Choose two laws from the list below that Roosevelt and
Congress enacted during Roosevelt's First Hundred Days and
explain at least one way each law helped to address the eco-
nomic crisis in the U.S.
• Emergency Banking Act
• Federal Securities Act of 1933
• Securities Exchange Act of 1934
• Glass-Steagall Banking Act
You may choose to start your response with:
• One way the [law] helped the economic crisis of the
Great Depression was

Answer 1

The Emergency Banking Act helped stabilize banks and restore public confidence, while the Glass-Steagall Banking Act established a separation between commercial and investment banking.

Step-by-step explanation:

One way the Emergency Banking Act helped the economic crisis of the Great Depression was by providing a solution to the widespread bank failures. This act allowed for the reopening and stabilization of banks, restoring public confidence in the banking system. By preventing further bank closures and allowing people to access their money, the Emergency Banking Act helped alleviate the financial panic.

The Glass-Steagall Banking Act also contributed to addressing the economic crisis by establishing a clear separation between commercial banking and investment banking. This legislation aimed to prevent the risky practices of banks that had contributed to the crash. It created the Federal Deposit Insurance Corporation (FDIC), which insured bank deposits and ensured the safety of people's savings.

Learn more about government response to the Great Depression