Question

why was banking reform an important first step in the new deal? it prevented another financial collapse. it forced banks to lend money to people who were hit hardest by the great depression. it increased people’s confidence in the government’s ability to control the economy.

Explanation:

The New Deal's banking reform aimed to stabilize the financial system. By regulating banks and providing federal insurance for deposits, it prevented bank - runs and restored public trust in the banking system, thus preventing another financial collapse.

Answer:

It prevented another financial collapse.