One of the most important achievements of the New Deal in the area of banking was included in a 1933 act. This key reform
A. was the uniting of investment and commercial banking so that bankers could more readily transfer depositors' money.
B. was the creation of the Federal Reserve System to regulate the banking industry.
C. allowed weak banks to default on corporate loans, so that they could meet their obligation to individual depositors.
D. was the Federal Deposit Insurance Corporation, so that the government would guarantee bank deposits.
Answer: D
You might also like to view...
In In Search of Time Past, Marcel Proust adopted a ___________ format that helped him to explore his memories
Fill in the blank(s) with correct word
Compare and contrast the authoritarianism or totalitarianism of Stalin's Soviet Union with that of Hitler's Germany. What are the similarities and what are the differences in how these two regimes operated and affected the individual rights and freedoms of the peoples of the Soviet Union and Germany, particular minority ethnic and religious groups?
What will be an ideal response?
The Taft-Hartley Act was intended to __________.
a. promote U.S. exports b. weaken labor unions c. protect U.S. companies from foreign competition d. reinforce the policy of containment
Issued by President Roosevelt in 1941, Executive Order No. 8802 a. fully integrated the United States armed forces. b. offered direct assistance to African Americans who wanted to move out of the South. c. created a presidential commission to study and recommend ways to alleviate wage discrimination based onrace and sex
d. prohibited racial discrimination in the employment of workers in war industries and in the government.