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To stabilize the nation's financial system, Franklin D. Roosevelt implemented the Emergency Banking Act in March 1933, which allowed banks to reopen under strict conditions after a four-day bank holiday. This act restored public confidence in the banking system by ensuring that only financially sound banks could operate. Additionally, he established the Federal Deposit Insurance Corporation (FDIC) to protect depositors' funds, further enhancing stability in the financial sector.
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What step did FDR take to make the nations financial system more stable?
He declared a bank holiday
What steps did FDR take to make the nations financial system more stable?
He declared a bank holiday
What step did FDR take to make nations financial system more stable?
He declared a bank holiday
What step fdr take to make the nations financial system more stable?
He declared a bank holiday
What step did the FDR take to make the nations financial system more stable?
He declared a bank holiday
What step did FDR take to the nations financial system more stable?
He declared a bank holiday
What step did FDR take to make the nations financial system more?
He declared a bank holiday
What step did FDR take to make the nation's financial system more stable?
He declared a bank holiday.
What step did FDR take make the nation's financial system more stable?
He declared a bank holiday.
What steps did the FDR take to make the nation financial system more stable?
He declared a bank holiday.
What step did FDR take to make the nation financial system more stable?
He declared a bank holiday.
What steps did FDR take to make the nation's financial system more stable?
He declared a bank holiday.
