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History, 26.01.2020 17:31 kadinmorgan

Americans regained faith in the banks after president roosevelt signed the
emergency banking relief act into law because the act

allowed only healthy banks to remain open, so people believed that banks that passed the act's requirements really were sound.

gave people the right to withdraw all their money at any time without a penalty or waiting period.

authorized the federal government to immediately deposit $1 billion in banks to guarantee peoples' deposits.

required the federal government to pay back in full the customers of any bank that failed.

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Americans regained faith in the banks after president roosevelt signed the
emergency banking r...
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