THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The New Deal
|
|
|
Social Security Act
|
|
|
Emergency Banking Relief Act
|
|
|
National Recovery Administration
|
Detailed explanation-1: -The Emergency Banking Act of 1933 itself is regarded by many as helping to set the nation’s banking system right during the Great Depression. The Emergency Banking Act also had a historic impact on the Federal Reserve.
Detailed explanation-2: -What Was the Emergency Banking Act of 1933? The Emergency Banking Act of 1933 was a bill passed in the midst of the Great Depression that took steps to stabilize and restore confidence in the U.S. banking system. It came in the wake of a series of bank runs following the stock market crash of 1929.
Detailed explanation-3: -Treasury officials feverishly began work on the Emergency Banking Act. Rushed to Congress four days later, it was approved within hours. The Act gave the government authority to examine bank finances, provide needed capital, and determine which banks were fit to reopen.