Answered

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What action did FDR take to end the cycle of bank closures?

Sagot :

Answer:

The new deal

Explanation:

isabellapodca
Silber: "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. (Hope this helps!!)
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