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Roosevelt's immediate response to the banking crisis included all of the following EXCEPT

assuring Americans via radio that they could again entrust their money to banks

nationalizing the banks

declaring a "bank holiday," which closed banks for four day

proposing the Emergency Banking Act

User Wizhi
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Final answer:

Roosevelt's response to the banking crisis included a bank holiday, the Emergency Banking Act, and his reassuring 'fireside chat,' but he did not nationalize the banks. The correct options are 3,4,1.

Step-by-step explanation:

Roosevelt's immediate response to the banking crisis included several key actions but did not involve nationalizing the banks. First, he declared a "bank holiday," which closed banks for four days to prevent bank runs and to give Congress time to work on a solution.

Additionally, he proposed the Emergency Banking Act, which was quickly passed by Congress and signed into law. This act allowed the government to inspect banks and ensure their stability before they could reopen, and it removed the gold standard to increase the money supply.

On March 12, the day before banks reopened, Roosevelt held his famous first "fireside chat" explaining the measures taken and reassuring Americans about the safety of their bank deposits. These efforts successfully restored public confidence, as evidenced by the re-depositing of approximately $1 billion in banks shortly after they reopened. The correct options are 3,4,1.

User Virginia Woolf
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