"I want to talk for a few minutes with the people of the United States about banking... I can assure you that it is safer to keep your money in a reopened bank than under the mattress... It is your problem no less than it is mine. Together we cannot fail." — Franklin D. Roosevelt, First Fireside Chat, March 12, 1933
The banking confidence FDR sought here was reinforced most directly by which 1933 measure?
- A
The Bland-Allison Act
- B
The Federal Reserve Act of 1913
- Ccheck_circle
The Glass-Steagall Act, which created the FDIC to insure deposits
- D
The Sherman Silver Purchase Act
Explanation
Glass-Steagall (June 1933) separated commercial and investment banking and established the FDIC, restoring depositor confidence.