To promote assimilation, American IndWhy was banking reform an important first step in the New Deal?

It prevented another financial collapse.

It forced banks to lend money to people who were hit hardest by the Great Depression.

It increased people’s confidence in the government’s ability to control the economy.
ian children were

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22-07-2022
Social Studies

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To promote assimilation, American IndWhy was banking reform an important first step in the New Deal?

It prevented another financial collapse.

It forced banks to lend money to people who were hit hardest by the Great Depression.

It increased people’s confidence in the government’s ability to control the economy.
ian children were

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Parrain Parrain · Answer 1 · 2022-07-22T21:36:57+02:00

The reason why banking reform was so important in the New Deal was It increased people’s confidence in the government’s ability to control the economy.

Why did the government embark on banking reform?

After the Great Depression, most Americans had lost faith in the banking system and so would not put their money in.

The government therefore got involved in banking reform with the hope that the public would trust banks enough to save their money and get the economy moving.

Find out more on the Great Depression at https://brainly.com/question/4345772.

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