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Question
by instituting government oversight on banks and investments, franklin roosevelt
reinforced the policies of herbert hoover.
hoped to create jobs and get reelected.
prompted americans to take their money out of banks.
hoped to avoid another stock market crash.
Franklin Roosevelt's New Deal banking and investment oversight was a response to the 1929 stock market crash, which was worsened by unregulated financial institutions. Herbert Hoover favored limited government intervention, so this policy did not reinforce his actions. The oversight was meant to stabilize, not prompt bank runs, and while job creation was a New Deal goal, this specific measure targeted financial stability to prevent future crashes.
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hoped to avoid another stock market crash.