Which New Deal program is being described below?
One of the first acts Roosevelt passed. It prevented panic withdrawals from banks by the public. It also closed banks until they could be evaluated by the government to be fiscally sound.
Federal Emergency Relief Act
National Industrial Recovery Act
Emergency Banking Act
Social Security Act
Former President Roosevelt signed the Emergency Banking Act in 1933. It was designed as a way of reassuring the people that their money was safe, and to overall boost their confidence in the American banking system.
