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first step was to reform banking: many were closing, causing panic.

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6mo ago

The first step in the New Deal was the Emergency Banking Act, which was signed into law on March 9, 1933. This act aimed to stabilize the nation's banking system by authorizing the federal government to regulate and inspect banks, as well as provide funds to banks in need of assistance. The act helped restore confidence in the banking system and marked the beginning of President Franklin D. Roosevelt's efforts to address the Great Depression.

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Q: What was the first step in the New Deal?
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