Question

how did the passage of the emergency banking act and the fdic reflect roosevelt’s beliefs about the economy?
roosevelt wanted banks to regulate themselves once the government showed them the way.
roosevelt had very little faith in business so government had to step in.
roosevelt believed government could stabilize and regulate the economy.
roosevelt believed that banks were doomed to failure unless insured by the government.

Explanation:

1. Analyze Option 1: The Emergency Banking Act and FDIC involved government intervention (like inspections, insurance), not just showing the way for self - regulation. So this is incorrect.
2. Analyze Option 2: Roosevelt's actions were about stabilizing the economy, not having "very little faith in business". The New Deal aimed to help businesses recover too. So this is incorrect.
3. Analyze Option 3: The Emergency Banking Act had the government inspect and reopen sound banks, and FDIC provided government - backed insurance. These actions show Roosevelt believed government could stabilize (reopen banks, restore confidence) and regulate (insure deposits, set standards) the economy. This matches.
4. Analyze Option 4: The FDIC was to restore confidence, not because banks were "doomed to failure". Sound banks existed, and the act helped them. So this is incorrect.

Answer:

C. Roosevelt believed government could stabilize and regulate the economy.