dalilahcortez
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Which of these organizations was created to restore public confidence in the nation's banking institutions during the Roosevelt administration?
Group of answer choices

the Federal Emergency Relief Administration

the National Recovery Administration

the Securities and Exchange Commission

the Federal Deposit Insurance Corporation

Respuesta :

bhuvna789456

The Federal Deposit Insurance Corporation was the organization created to restore public confidence in the nation's banking institutions during the Roosevelt administration.

Explanation:

  • When there was a great depression in the US.There was economic slow own which tempted the people to make more crimes and the banking system also became unstable.  
  • Due to the unstable and many other riots the bank was declared as 8 day holiday.  
  • Later in order to resolve this issue, the emergency banking act was passed in March 1933 by the American congress. It is a temporary body.
  • In order to create the permanent body the Federal deposit insurance Corporation was formed.

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