The Emergency Banking Relief Act of 1933: Definition & Purpose


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question 1 of 3

The EBRA aimed to address what problem?

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1. What was the 'bank holiday'?

2. What is the FDIC?

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About This Quiz & Worksheet

To pass this quiz, you should know about the focus and outcome of the Emergency Banking Relief Act (EBRA) of 1933 as well as other critical actions that were taken during this time.

Quiz & Worksheet Goals

Use these assessment tools to gauge your knowledge of:

  • Concept of the 'bank holiday'
  • Goal of the Glass-Steagall Act
  • Purpose of the FDIC

Skills Practiced

Students can use these skills:

  • Making connections - link your understanding of 1929 with key measures that were taken to address the problems
  • Information recall - access the knowledge you've gained regarding bank deposits
  • Knowledge application - use your knowledge to answer questions about the effect of the EBRA

Additional Learning

To find out more, watch the lesson called The Emergency Banking Relief Act of 1933: Definition & Purpose. You'll study the following objectives:

  • Identify key elements of the banking crisis that followed the 1929 stock market crash
  • Recognize President Roosevelt's efforts to stem the panic of the crisis
  • Understand Raymond Moley's important remark