asked 60.6k views
1 vote
(T/F) The Emergency Banking Relief Act authorized the State Department to inspect the country's banks true flase

1 Answer

5 votes

Final answer:

The Emergency Banking Relief Act authorized the State Department to inspect the country's banks, which is true.

Step-by-step explanation:

The statement in the question is true.

The Emergency Banking Relief Act, passed in 1933 during the Great Depression, did authorize the State Department to inspect the country's banks. This act was part of President Franklin D. Roosevelt's efforts to stabilize the banking system and restore confidence in the economy. The State Department was given the authority to work with the Federal Reserve and other agencies to evaluate the financial condition of banks and determine which ones could reopen.

Learn more about Emergency Banking Relief Act

answered
User Wil Cooley
by
8.6k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories