Answered

Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Ask your questions and receive precise answers from experienced professionals across different disciplines. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

What challenge does FDR present Americans in place of “rumors or guesses” about the failing financial system?

I need a three sentence response. Will give brainliest to best answer

Sagot :

bharathparasad577

After taking office on March 4, 1933, President FDR set out to stabilize the country's banking sector and regain public confidence in it.

  • He proclaimed a four-day nationwide banking holiday on March 6 in order to keep all banks closed until Congress could take action.
  • On that chilly, overcast Inauguration Day, Roosevelt famously said, "The only thing we have to fear is fear itself. But moving words alone wouldn't be sufficient.
  • He proclaimed a statewide "bank holiday" two days later, briefly shutting down the whole banking sector of the country. The Emergency Banking Act was approved by Congress on March 9 after being called into a special session. The measure granted the federal government the authority to look into the financials of banks.

Thus this is the answer.

To learn more about President FDR, refer:https://brainly.com/question/2066305

#SPJ10

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.