Question

14. What legislation did Congress pass the day after Franklin Roosevelt's inauguration?

Agricultural Adjustment Act
Federal Emergency Relief Act
Emergency Banking Bill
Federal Deposit Insurance Corporation

Answer 1

The Emergency Banking Act was a federal law passed in 1933. Signed into law by President Franklin D. Roosevelt (D) on March 9, 1933, the act granted the president, the comptroller of the currency, and the secretary of the treasury broader regulatory authority over the nation's banking system.

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