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Franklin Roosevelt's immediate response to the banking crisis after becoming president was to nationalize the banks to ensure they were following federal regulations. borrow money from foreign banks to support the U.S. banking industry. declare a bank holiday that closed banks in the United States for several days establish the Federal Reserve to reduce the possibility of another bank emergency.

Question

Franklin Roosevelt's immediate response to the banking crisis after becoming president was to
nationalize the banks to ensure they were following federal regulations.
borrow money from foreign banks to support the U.S. banking industry.
declare a bank holiday that closed banks in the United States for several days
establish the Federal Reserve to reduce the possibility of another bank emergency.

Franklin Roosevelt's immediate response to the banking crisis after becoming president was to nationalize the banks to ensure they were following federal regulations. borrow money from foreign banks to support the U.S. banking industry. declare a bank holiday that closed banks in the United States for several days establish the Federal Reserve to reduce the possibility of another bank emergency.

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LesterProfessional · Tutor for 6 years

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Franklin Roosevelt's immediate response to the banking crisis after becoming president was to declare a bank holiday that closed banks in the United States for several days.
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