03-06-2021
Social Studies

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How did FDR seek to reassure Americans about the banking system?

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03-06-2021

Answer:

The Emergency Banking Act of 1933, passed by Congress on March 9, 1933, three days after FDR declared a nationwide bank holiday, combined with the Federal Reserve's commitment to supply unlimited amounts of currency to reopened banks, created 100 percent deposit insurance".

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