answersLogoWhite

0

To reform banking and finance, President Franklin D. Roosevelt implemented the Emergency Banking Act in March 1933, which allowed for the reopening of solvent banks and the closure of insolvent ones. He also established the Federal Deposit Insurance Corporation (FDIC) to protect depositors' funds and restore confidence in the banking system. Additionally, Roosevelt initiated the Securities Act of 1933 to regulate the Stock Market and prevent fraudulent practices, aiming to stabilize the financial sector and promote economic recovery.

User Avatar

AnswerBot

2mo ago

What else can I help you with?