Question

Select 3 ways that FDR stopped the escalating collapse of the banking industry

Answer 1

The use of Fireside Chats, the Bank Holiday, and support for insolvent banks were 3 of the ways FDR used to help the ailing banking industry.

Step-by-step explanation:

FDR explained in his first Fireside Chats of 12 March, 1933, that when the banks would open on the next day, a 100% of the deposits would be insured. This helped reignite consumer confidence in the banking industry as a responsible custodian of public money which helped build huge stockpiles of deposits for the banks.