What did Roosevelt do to help the problems caused by the Great Depression?

Answer 1

By making the New Deal Program.- He set up many different acts including THE EMERGENCY BANKING ACT, when the banks were shut for four days and federal inspectors inspected them. The banks could only re open if they were financially sound and the government ensured that up to $2,500 was secured under the federal deposit insurance corporation.

Answer 2

Since all of America was continually making runs on banks, FDR decided to shut down all banks from Thursday into that next Monday. While this didn't stop the crisis, it gave Americans time to take a breather and calm down.

When Monday rolled around, the runs continued and so FDR created the FDIC (federal deposit insurance corp) which would arrive at each of the banks, place federal $$ into them, and then declare them as safe. This declaration gave people the hope they needed to put their $$ back into the banks. The runs stopped and the crisis was averted

Answer 3

He called a bank moratorium, shutting down all the bank until they could be audited. The healthy ones were then permitted to re-open. He also pushed through the federal deposit insurance act which forced banks to purchase insurance to guarantee the safety of their depositors.

Answer 4

The first step in solving the banking crisis was to close all banks. Federal auditors then checked their books and let the healthy ones re-open. The FDIC was soon set up to prevent future bank closures.

Answer 5

LEO ; that the banks loaned out their money...

Answer 6

he created the "new deal"

Answer 7

FDIC