Emergency Banking Act granted the president and other officials increased power over banks.
Social Security Administration: it established a safety net to assist poverty-stricken Americans.
National Recovery Administration (NRA): it wrote regulations for fairer labor practices and a fairer market
Civilian Conservation Corps: it employed young men to develop and protect natural resources.
Bank Holidays: it temporarily closed banking operations to prevent further economic damage.
What gave the president the authority to regulate banks?
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States.
What was the Emergency Banking Act of 1933?
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.
What does the Civilian Conservation Corps do?
The Emergency Conservation Work Act of 1933 mandated that the Civilian Conservation Corps (CCC) recruit unemployed young men from urban areas to perform conservation work throughout the nation's forests, parks, and fields.
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