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Why Did Ordinary Americans Trust Banks with Their Valuable Cash

Question 9

Multiple Choice

Why did ordinary Americans trust banks with their valuable cash for the first time in months on Monday, March 13, 1933?


A) Roosevelt's inauguration had given them hope and inspired them to trust the economy once more.
B) Congress had passed the Emergency Banking Act in a special session called by Roosevelt.
C) Foreign banks had stepped in and floated an enormous loan to bolster American banks.
D) Roosevelt had taken the United States off the gold standard over the weekend, securing the currency and restoring consumer faith.

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