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Question
which act reopened banks and led to creation of the federal deposit insurance corporation (fdic)? emergency banking act national industrial recovery act civilian conservation corps homeowners loan corporation
The Emergency Banking Act, passed in 1933 during the Great Depression, authorized the federal government to inspect and reopen solvent banks, and it laid the groundwork for the creation of the FDIC to insure bank deposits. The other options addressed different economic relief needs: the National Industrial Recovery Act focused on industry regulation, the Civilian Conservation Corps on employment for young men, and the Homeowners Loan Corporation on mortgage relief.
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Emergency Banking Act