1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sergeu [11.5K]
3 years ago
10

The very first action taken by franklin roosevelt to combat the depression was to implement the

History
1 answer:
KonstantinChe [14]3 years ago
8 0
The correct answer is bank holiday.

Only 2 short days after his inauguration, President FDR implemented a bank holiday. This would close all banks in the United States for four days. The reasoning behind this were the high amount of banks that were running out of currency (paper money) to give to customers.

Considering that the economy was taking a turn for the worse daily, people wanted to get their money out of banks immediately. However the bank did not have enough money to give to all these individuals coming in at one time. This was due to a series of bad loans given out to individuals who could not pay the banks back.

Roosevelt's goal in closing banks was to give currency to them so that when they reopen they would not be forced to close again. Along with this, the federal government investigated what banks were spending/loaning money recklessly. These banks would then be monitored by the federal government for an extended period of time.
You might be interested in
The Battle of Antietam led directly to which of the following
vivado [14]
The battle of Antietam was known as the bloodiest war that happened in America. Here, the <span>Union won the battle which led to the Emancipation Proclamation. The proclamation </span><span>was given by President Lincoln who declared the freedom of slaves in the South. </span><span>This immediately helped the slaves escape the Confederates and go to the Union based areas.</span>
8 0
4 years ago
Read 2 more answers
Was Communism mostly positive or negative for the world? Explain your answer
Andrew [12]

Answer:

Negative

<u><em>Monkey Explanation</em></u>

Hard working monkey works hard for 50 bannas and lazy monkey stays home all day and gets no banana

Then lead monkey splits the hard working bananas with the lazy monkey

now hard working monkey is working to feed lazy monkey

Thats communism

7 0
3 years ago
Which term describe a person on the far left of the political spectrum
larisa [96]
Your answer would be radical
5 0
4 years ago
What is one type of food that is considered unclean according to Jewish dietary laws?
katrin [286]

Answer:

Pork

Explanation:

any meat from pigs.

8 0
3 years ago
Read 2 more answers
To whom did the Constitution originally leave in charge of printing paper currency?
melomori [17]

Answer:

the supreme court

Explanation:

4 0
3 years ago
Other questions:
  • there are many reasons for conflicts between nations how can diplomacy be used to resolve a conflict
    7·1 answer
  • What contribution to science was made by Kepier?
    7·1 answer
  • Which statement best describes how the enlightenment influenced latin american events during the 19th century?
    6·1 answer
  • How do you play among us
    6·2 answers
  • What kind of act established religious freedom for both the catholics and protestants in 1649?
    9·2 answers
  • Which reason best completes this list?
    11·1 answer
  • Hey! I need help! I'll give brainliest!
    13·2 answers
  • Which is part of the selection process for all federal judges
    13·2 answers
  • Why should the systems of life in Europe and Japan both be called “feudalism”? How are they similar?
    6·1 answer
  • How long did smallpox in america
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!