Asked by Bethany Bortz on May 19, 2024
Verified
Despite the efforts of the bank holiday, by 1936 banks were still failing in America.
Bank Holiday
A day on which banks are officially closed, observed as a public holiday.
- Evaluate the role and impact of the New Deal policies on the American banking system and welfare state.
Verified Answer
CM
Chris MercadoMay 23, 2024
Final Answer :
False
Explanation :
By 1936, the situation with banks in America had significantly stabilized due to the measures taken during the bank holiday and the subsequent banking reforms implemented by the Roosevelt administration as part of the New Deal.
Learning Objectives
- Evaluate the role and impact of the New Deal policies on the American banking system and welfare state.
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