Question

Immediately after taking office, President Roosevelt responded to the banking crisis by a restoring the gold standard to guarantee the soundness of American currency. b providing major federal loans to the largest and soundest banks. c nationalizing the ten largest banks in the United States. d establishing a new Bank of the United States to guarantee deposits. e closing all American banks for a week, while reorganizing them on a sounder basis

Answer 1

E:Managing the currency by closing down banks for a period of time