Question

president franklin d. roosevelt believed that declaring a bank holiday and creating the federal deposit insurance corporation (fdic) would help the nation’s banking system by
a. restoring public confidence in the banks
b. reducing government regulation of banks
c. restricting foreign investments
d. granting tax relief to individuals

a
b
c
d

Explanation:

During the Great Depression, widespread bank failures eroded public trust, leading to mass bank runs. The bank holiday temporarily closed banks to stabilize them, and the FDIC insured bank deposits, which directly addressed the public's fear of losing their savings. These measures were designed to rebuild trust in the banking system, not reduce regulation, restrict foreign investments, or provide tax relief.

Answer:

A. Restoring public confidence in the banks