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What step did FDR take to makes the nations financial system more stable?
Wiki User
∙ 7y ago
He declared a bank holiday
Keshawn Ziemann
One step FDR took to make the nation's financial system more stable was the implementation of the Glass-Steagall Act in 1933. This act established a separation between commercial and investment banking, aiming to prevent risky practices and conflicts of interest. It also created the Federal Deposit Insurance Corporation (FDIC) to protect depositors' funds in case of bank failures.
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