THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Social Security Act, Work Programs
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Emergency Banking Relief Act, Newspapers
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Emergency Banking Relief Act, Fireside Chats
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Social Security Act, Charities
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Detailed explanation-1: -It is noted as “an influential series of radio broadcasts in which Roosevelt utilized the media to present his programs and ideas directly to the public and thereby redefined the relationship between the President and the American people."
Detailed explanation-2: -The Emergency Banking Act was a federal law passed in 1933. Signed into law by President Franklin D. Roosevelt (D) on March 9, 1933, the act granted the president, the comptroller of the currency, and the secretary of the treasury broader regulatory authority over the nation’s banking system.
Detailed explanation-3: -Roosevelt’s quick action did much to restore faith in the banking system. The Glass‐Steagall Banking Act (June 16) boosted confidence even further by setting up the Federal Deposit Insurance Corporation (FDIC), which guaranteed bank deposits up to $5, 000.