Multiple choice

Which act by FDR put the banks under control of the Treasury Dept

  1. Banking Act of 1933

  2. Emergency banking bill

  3. Emergency act of 1944

  4. Banking relief Act
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Emergency Banking Act of 1933 allowed the Treasury Department to inspect banks and reopen those that were solvent, effectively giving the government control over the banking system.

Keep practicing — related questions