How Was The Great Depression Banking Crisis Resolved?
Автор: Financial History Files
Загружено: 2025-11-18
Просмотров: 10
Описание:
The Great Depression plunged America into its deepest economic crisis, with a banking system on the brink of total collapse. Discover the pivotal actions taken to rescue countless banks and restore public trust during this unprecedented financial upheaval.
In this video, we delve into the strategies that brought stability back to the American financial system, exploring:
► The radical "Bank Holiday" declared by President Roosevelt to halt widespread failures and reorganize the financial sector.
► How the Emergency Banking Act swiftly provided federal assistance and reopened solvent institutions, rebuilding essential confidence.
► The establishment of the Federal Deposit Insurance Corporation (FDIC) through the Glass-Steagall Act, introducing crucial protection for depositors' savings.
► The long-term impact of these reforms in creating a more resilient and regulated banking system in the United States.
#GreatDepression, #BankingCrisis, #FinancialHistory, #EconomicRecovery, #FDR, #NewDeal, #USHistory
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