Answer:
During the Great Depression, President Franklin D. Roosevelt implemented several measures to stabilize the banking system in the United States. Here are some of the key ways he accomplished this:
Bank holiday: Upon taking office in 1933, Roosevelt declared a national "bank holiday," which closed all banks in the country for several days. This gave the government time to assess the condition of each bank and determine which ones were solvent and which were not.
Emergency Banking Act: Roosevelt worked with Congress to pass the Emergency Banking Act, which provided federal assistance to banks that were deemed solvent. The act also created the Federal Deposit Insurance Corporation (FDIC), which insured bank deposits up to a certain amount, which gave people confidence in the safety of their money.
Fireside chats: Roosevelt used his famous "fireside chats" to speak directly to the American people about the banking crisis and what the government was doing to address it. This helped to calm people's fears and restore their trust in the banking system.
Gold standard: Roosevelt also took the United States off the gold standard, which allowed the government to increase the money supply and inject more liquidity into the economy.
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