Once in office, FDR set to work immediately. His "New Deal," it turned out, involved regulation and reform of the banking system, massive government spending to "prime the pump" by restarting the economy and putting people back to work, and the creation of a social services network to support those who had fallen on hard times.
Between 8 March and 16 June, in what later became known as the "First Hundred Days," Congress followed Roosevelt's lead by passing an incredible fifteen separate bills which, together, formed the basis of the New Deal. Several of the programs created during those three and a half months are still around in the federal government today. Some of Roosevelt's most notable actions during the Hundred Days were:
<span><span>A national bank holiday: The day after his inauguration, FDR declared a "bank holiday," closing all banks in the country to prevent a collapse of the banking system. With the banks closed, Roosevelt took measures to restore the public's confidence in the financial systems; when the banks reopened a week later, the panic was over.22</span><span>Ending the gold standard: To avoid deflation, FDR quickly suspended the gold standard.23 This meant that U.S. dollars no longer had to be backed up by gold reserves, which also meant that the government could print—and spend—more money to "prime the pump" of the economy.</span><span>Glass-Steagall Act: The Glass-Steagall Act imposed regulations on the banking industry that guided it for over fifty years, until it was repealed in 1999.24 The law separated commercial from investment banking, forced banks to get out of the business of financial investment, banned the use of bank deposits in speculation.25 It also created the FDIC[link to "FDIC" passage below]. The effect of the law was to give greater stability to the banking system.</span><span>FDIC: The Federal Deposit Insurance Commission backed all bank deposits up to $2500, meaning that most bank customers no longer had to worry that a bank failure would wipe out their life savings.26The agency continues to insure American deposits today.</span></span>
Answer:
C, Moveable type printing sped up the copying of pages and reduced the cost.
Explanation:
Answer:
He nationalized the oil reserves and the rights for extraction of the oil.
Explanation:
Venezuela is a country that is very rich in oil, in fact it is the country that officially has the largest oil reserves in the world. Considering the fact that the oil is what brings in the majority of the income of this nation, plus the communist politics, Chavez nationalized all the oil reserves and the extraction of the same fall into the hands of the government. This angered the USA officials, as they are the biggest consumer of oil and always want to have control on the situation. Chavez though stood his ground, and that made the relations between the USA and Venezuela even worse, though in all fairness Venezuela has the right to do whatever it wants with its natural resources, so the USA has no right to tell them what to do or how should they do it.
Answer:
Organization to prevent countries turning into Communist countries.
Explanation:
