Franklin Roosevelt utilized a bank holiday, Fireside Chats, and the Glass-Steagall Act to address the banking crisis and restore faith in the American banking system.
Immediately upon his election, Franklin Roosevelt used a bank holiday as a short-term solution to end the run on bank withdrawals. During this period, he pushed through the Emergency Banking Act and delivered his first Fireside Chat to reassure the American public.
The Glass-Steagall Act was later passed by Congress to prevent banks from engaging in certain risky activities.
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