- Study guides, Class notes & Summaries

Bank Holiday - -RECOVERY- The Bank Holiday was used by FDR to force banks to become more solvent, and therefor more reliable to all the American people. Glass-Steagall Banking Act - -REFORM- The Glass-Steagall Banking Reform Act was a law that led to the creation of the Federal Deposit Insurance Corporation. This creation ended the idea of unstable = banking. The Act ensured that banking could be

New Deal Test UPDATED Questions and CORRECT Answers Emergency Banking Relief Act (EBRA)- Immediate purpose - CORRECT ANSWER- Authorized the Treasury Department to inspect and close banks that weren't strong enough Emergency Banking Relief Act- long term goal - CORRECT ANSWER- to restore public confidence in banks Glass-Steagall Banking Act of 1933- immediate purpose - CORRECT ANSWER- Established FDIC, insured up to $5,000

New Deal Test Questions and Answers 2024 with complete solution

New Deal Questions and Answers Graded A National Industrial Recovery Act The National Industrial Recovery Act (NIRA) was a law passed by the United States Congress in 1933 to authorize the President to regulate industry in an attempt to raise prices after severe deflation and stimulate economic recovery. -Recovery National Recovery Administration The National Recovery Administration was a prime New Deal agency established by U.S. president Franklin D. Roosevelt (FDR) in 1933. The goal was to el...