Register
What crisis did Franklin D. Roosevelt help calm with the creation of the Federal Deposit Insurance Corporation (FDIC), explained in the first of his fireside chats?
159k views
0 votes
What crisis did Franklin D. Roosevelt help calm with the creation of the Federal Deposit Insurance Corporation (FDIC), explained in the first of his fireside chats?

User SeGa
by
5.0k points

1 Answer

4 votes

Step-by-step explanation:

He declared a bank holiday and developed a ranking system for banks. Franklin Roosevelt declared a three-day nationwide bank holiday, combined with the Federal Reserve's commitment to supply unlimited amounts of currency to reopened banks. This effectively created 100 percent deposit insurance

User Creabine
by
4.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.2m questions

6.8m answers

Other Questions

Great Britain is an example of a: O A. Dictatorship O B. Republic with unitary system O C. Constitution monarchy with parliamentary system D. Oligarchy with federalist system​
Is there a correlation between the size of an empire and the amount of power it holds in the world?
What was the effect of the rise of the mass media during the 1920s? A) It led to increased membership in labor unions. B) It contributed to the development of a national culture. C) It caused mass migration
Thomas Edison Is considered one of the greatest investors because he was responsible for
Name African Amer 1. What was the Middle Passage in the Slave Trade?
Link Copied!