WebTerms in this set (15) Emergency Banking Relief Act (EBRA) Immediate Purpose: authorized the Treasury Department to inspect and close banks. Long-Term Goal: to restore public confidence in banks. Glass-Steagall Banking Act of 1933. Immediate Purpose: established the Federal Deposit Insurance Corporation (FDIC) provided federal … WebCongress passes the Emergency Relief Appropriation Act, which funds the Works Progress Administration (WPA) to provide employment on “useful projects.” Through …
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Webduring the Bank Holiday), and by the end of the month, the public had returned to the banks two-thirds of the currency hoarded since the onset of the panic. Together, the Emergency Banking Act and the de facto 100 percent deposit insurance created a safety net for banks and produced a regime shift with instantaneous results, similar WebThe Emergency Banking Relief Act Authorized the government to examine the finances of banks closed during the Bank Holiday and reopen those judge to be sound The Federal Deposit Insurance Corporation: (Part of the Banking Act 1933) Guaranteed individual bank deposits up to $5000 The Home Owners Loan Corporation group policy object templates
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WebEmergency Banking Relief Act (EBRA)- Immediate purpose Authorized the Treasury Department to inspect and close banks that weren't strong enough Emergency Banking Relief Act- long term goal to restore public confidence in banks Glass-Steagall Banking Act of 1933- immediate purpose Established FDIC, insured up to $5,000 WebEmergency Banking Relief Act (EBRA) Congress passed the Emergency Banking Relief Act, giving the Treasury Department the power to inspect and close banks. Closing banks to stop more bank failures. Business Assistance and Reform What was its immediate purpose? What was its long-term goal? Glass-Steagall Banking Act of 1933 WebBecause Federal Emergency Relief Act of 1933 mandated that FERA should end two years after its inception, a new program was needed to take its place. The program put in … film horor indo full movie