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What was roosevelts first action to solve economic problems?

Franklin D. Roosevelt's first action to address the economic problems of the Great Depression was the declaration of a nationwide bank holiday in March 1933. This halted all banking operations for four days, allowing the government to assess the financial situation and stabilize the banking system. Following the bank holiday, he introduced the Emergency Banking Act, which aimed to restore public confidence in the banking system by reopening solvent banks and providing federal support to those in trouble.


When was fairtrade started?

There is no real date recorded when Fairtrade was started... Although, The first attempts to make fair trade goods in Northern markets were initiated in the 1940s and 1950s by religious groups and various politically oriented non-governmental organizations (NGOs). Various attempts by different people came together and soon Fairtrade was formed.


What are some reasons that the economy is so bad?

de-regulation of fiscle banking practice. bankers paid millions in bonuses regardless of performance it seems lending to high risk sub-prime borrowers bad/reckless banking/investing practice sculdugery between banks selling toxic loans to each other...eroding interbank lending trust. Greed by certain individuals One of the WORST and DAMAGING presidents is world history thinking its his duty to rid the world of 'tyranny' (he should have started at home first) -Iraq war costing trillions of $... -and an illegal war too! WMD my..........eye...


What are the rights and duties of banking?

RIGHTS:1)the first duty is to charge commission, interest and discount against services provided by the bank. 2)it is the right of the bank to retain the property of the customer as a security for the repayment of the loans.DUTIES:1)to accept the cheque if it fulfill all th requirements.e.g:-amount in their balances,date.2) maintain the secrecy of the account holder.


Why did trade flourish under the Abbasid's?

Trade flourished under the Abbasids at first because they moved the capital of the Muslim empire to the newly created city of Baghdad in central Iraq in 762. The city was located on key trade routes that gave the caliph access to trade gold, good, and information about.