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r-ruslan [8.4K]
3 years ago
14

Which of the following does not describe a precedent set by Washington?

History
1 answer:
fiasKO [112]3 years ago
5 0
Serving only 8 years
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How did Roosevelt work to restore the banking system during the first hundred days
borishaifa [10]

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The Glass-Steagall Act imposed regulations on the banking industry that guided it for over fifty years, until it was repealed in 1999.24 The law separated commercial from investment banking, forced banks to get out of the business of financial investment, banned the use of bank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>
8 0
3 years ago
Read 2 more answers
Plz helpp me
Jet001 [13]

Answer:C

Explanation:because it is I can’t explain it

4 0
3 years ago
What year was the United States constitution written
photoshop1234 [79]

Answer:

The year that the U.S Constitution was written is ;<em> 1787. </em>

Explanation:

This was the same place the Declaration of Independence was signed. The Constitution was written during the Philadelphia Convention—now known as the Constitutional Convention—which convened from <em>May 25 to September 17, 1787.</em> It was signed on <em>September 17, 1787.</em>

<em><u>[ You can find the same answer like this on google as well. ]</u></em>

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3 years ago
What impact did the Mycenaeans have on later Greeks?
seropon [69]
Mycenaeans left a large artistic impression on Grecian culture that pushed into a new age of Greek stylized art.
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In addition to the issues with the treaty of versailles, what political situation allowed for hitler to take as much power as he
vovikov84 [41]
Removing all the jews from the country and giving them a way out
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