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Oksi-84 [34.3K]
3 years ago
13

Select 3 ways that FDR stopped the escalating collapse of the banking industry

History
1 answer:
yarga [219]3 years ago
6 0

Answer:

The use of Fireside Chats, the Bank Holiday, and support for insolvent banks were 3 of the ways FDR used to help the ailing banking industry.

Explanation:

FDR explained in his first Fireside Chats of 12 March, 1933, that when the banks would open on the next day, a 100% of the deposits would be insured. This helped reignite consumer confidence in the banking industry as a responsible custodian of public money which helped build huge stockpiles of deposits for the banks.

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