The Most Bold and Dramatic Action That Franklin Roosevelt Took

question 4

Multiple Choice

The most bold and dramatic action that Franklin Roosevelt took immediately upon assuming the presidency was to

• A) close all American banks for a week.
• B) draft thousands of young men into a new Civilian Conservation Corps.
• C) open federally-funded soup kitchens and homeless shelters.
• D) take the United States off the gold standard.
• E) order the indictment and arrest of corrupt business leaders.

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Definitions:

Private Investment Companies

Firms that invest pooled funds from investors in a variety of assets, not publicly traded and often focusing on wealth management.

Qualified Investors

Individuals or entities that meet specific financial criteria set by regulatory authorities, allowing them to invest in certain complex and potentially riskier investments.

Leverage

The use of borrowed capital to increase the potential return of an investment, also referring to the ability to influence situations or people to achieve a particular outcome.

Management's Flexibility

The ability of a company's management to adapt to changes in the business environment, including altering strategies and operational processes.