asked 214k views
3 votes
Who encouraged FDR to make the

banks take a “holiday” when he
became President?
A. politicians
B. the Supreme Court
C. Einstein's interns
D. the Brain Trust

asked
User Lindlof
by
8.5k points

2 Answers

6 votes

Answer: D, The Brain Trust

Step-by-step explanation:

answered
User Jxx
by
8.6k points
4 votes

D. the Brain Trust encouraged FDR to make the banks take a "holiday" when he became President.

The Brain Trust was a group of academic advisors who helped FDR develop policies during his presidential campaign and after he took office. They consisted of economists, lawyers, and other experts who had a progressive outlook and believed in using government intervention to address social and economic problems. According to historian William Leuchtenburg, the Brain Trust "had formulated a plan for the President to cope with the banking crisis," which included the idea of a "bank holiday" to give the government time to reorganize and stabilize the banking system (Leuchtenburg, 1995, p. 141). FDR ultimately embraced this idea and declared a four-day bank holiday on March 6, 1933, which was followed by the Emergency Banking Act to restore confidence in the banking system.

answered
User Kyleobrien
by
8.2k points

Related questions

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.