what was the first major action taken by Roosevelt to help stabelize the economy?

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what was the first major action taken by Roosevelt to help stabelize the economy?

2006-12-12 15:32:03 · 3 answers · asked by camzi7hhs08 1 in Politics & Government ➔ Politics

3 answers

Which Roosevelt?. Theodore Roosevelt or Franklin Delano Roosevelt?...

2006-12-12 15:46:45 · answer #1 · answered by roadwarrior 4 · 0⤊ 0⤋

It could be that he formed the FDIC to insure the banks. Banks were going out of business like mad. Federal Deposit Insurance Corporation. There was a mad rush to withdraw money from banks. Everybody showed up all at once, and the banks ran out of money. The banks had to close, and people didn't get their money from their savings accounts.

That happened, but I really don't know for sure if that is the right answer to the question.

2006-12-12 23:50:29 · answer #2 · answered by ? 6 · 0⤊ 0⤋

Declare a "bank holiday".

2006-12-13 01:56:47 · answer #3 · answered by yupchagee 7 · 0⤊ 0⤋