84.1k views
25 votes
What three steps did FDR take "in the Government's reconstruction of our financial and economic fabric"?

1 Answer

11 votes

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

The three steps that FDR took "in the Government's reconstruction of our financial and economic fabric" were the following.

First, President Franklin D. Roosevelt issued a proclamation to have a national bank holiday, to initiate the financial reconstriction of the economic fabric of the United States.

The second step was the confirmation of the US Congress of that bank holiday proclamation and increase the powers of the President to lift the bank restriction as things were progressing

The third step was the regulations authorizing the US banks to function again and to start cooperate distributing food, supporting in housing necessities, and the payment of payrolls to help the American poor people who were in deep need.

As soon as he assumed the US Presidency, Franklin D. Roosevelt was very interested in helping the millions of citizens that had lost their jobs after the US stock market crash of October 29, 1929, an event that represented the beginning of the Great Depression.

User Andrea Mauro
by
5.2k points