Answer:
(Reworded answer from plato/edmentum)
The bank crisis was Roosevelt's first target. He shut down all banks for four days and got the Emergency Banking Relief Act passed in under eight hours. This law allowed for the reopening of solvent banks under government supervision.
Explanation:
The Emergency Banking Act of 1933, passed by Congress on March 9, 1933, three days after FDR declared a nationwide bank holiday, combined with the Federal Reserve's commitment to supply unlimited amounts of currency to reopened banks, created 100 percent deposit insurance.
The Emergency Banking Act was a federal law passed in 1933. Signed into law by President Franklin D. Roosevelt (D) on March 9, 1933, the act granted the president, the comptroller of the currency, and the secretary of the treasury broader regulatory authority over the nation's banking system.
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