PLEASE HELP GIVING BRAIN! How did the US government take action to repair banking systems? O by creating rules that regulated who could invest money
O by taking over the operation and management of banks
O by passing laws to protect investors and regulate trading
O by establishing new taxes to help fund the operation of banks

On June 16, 1933, Roosevelt signed the Glass-Steagall Banking Reform Act. This law created the Federal Deposit Insurance Corporation. Under this new system, depositors in member banks were given the security of knowing that if their bank were to collapse, the federal government would refund their losses.

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An emergency banking law was rushed through Congress. ... A government legislation passed during the depression that dealt with the bank problem. The act allowed a plan which would close down insolvent banks and reorganize and reopen those banks strong enough to survive.

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