Social Studies, 20.03.2020 10:12 jenniferleeross53

"[Franklin] Roosevelt locked one group out of his honeymoon suite. The bankers and financiers, the rhetorical devils of his presidential campaign, were now resented or hated by millions of Americans. Even Hoover placed much of the blame for the stock market crash on speculation and poor banking ethics….The Emergency Banking Act…provided for the inspection of banks and certification of soundness before reopening. It may have saved the private banking system. The subsequent Glass-Steagall Act of 1933 provided for Federal Reserve regulation of bank investments…and created a Federal Depositors Insurance Corporation to insure small depositors, all of which strengthened banks and gave protection to the most innocent depositors."
a. The policies illustrated in excerpt above were most clearly contrary to b. Laisse-faire capitalismProgressive reforms to reg. ulate abuses of the economy
c. Transforming the U. S. into a limited welfare state
d. The goals of the Populist movement

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"[Franklin] Roosevelt locked one group out of his honeymoon suite. The bankers and financiers, the r...