How did Franklin D. Roosevelt handle the banking crisis of the Great Depression? He turned control of the Fed over to Congress,
which then created the FDIC to oversee the banking system. He closed all banks for four days so their viability could be checked by government officials and so the public’s confidence in the banks could be restored. He established the Federal Reserve System, which gave the country a strong central bank capable of weathering financial storms. He commanded the Treasury Department to forgive the debts of borrowers whose savings had been depleted because of the financial crisis.
CORRECT ANSWER: Following his inauguration on March 4, 1933, President Franklin Roosevelt set out to rebuild confidence in the nation's banking system and to stabilize America's banking system. On March 6 he declared a four-day national banking holiday that kept all banks shut until Congress could act.
Because living in Urban Areas tend to promote individuality.
Explanation:
According to Georg Simmel, the lifestyle that exist in Urban Area tend to force the people who live there to be more independent and individualistic. Things such as competition in the work place, having to pay expensive bills, and very little time to socialize contributed to this situation. In order to survive in this environment, people tend to develop a calculative and rational approach before they make every actions.
Individuals who live in rural area do not experience similar problem. They tend to be older, work less, and have more time to get to know their neighbors. This is why on average they tend to be more sentimental compared to the people who live in Urban area.
Exact definition of <em>Popular Sovereignty: </em> <u>Popular Sovereignty </u> ~noun ~The doctrine that sovereign power is vested in the people and that those chosen to govern, as trustees of such power, must exercise it in conformity with the general <span>will. </span> ~<span>American History. </span><span>(before the Civil War) a doctrine, held chiefly by the opponents of the abolitionists, that the people living in a territory should be free of federal interference in determining domestic policy, especially with respect to <span>slavery.</span></span>
