Question

President Franklin Roosevelt's first action regarding the run on banks was to: a. prohibit bank foreclosures b. provide federal guarantees to depositors c. close all banks by a bank holiday d. increase the money supply

Answer 1

the Emergency Banking Act
Roosevelt began with a decisive act. Declaring a “bank holiday,” he temporarily closed all the nation's banks. Then he called Congress into special session to pass emergency banking legislation. Treasury officials feverishly began work on the Emergency Banking Act.