Which New Deal program was created to restore public confidence in the banking system?

The Federal Deposit Insurance Corporation (FDIC) was specifically established to restore public confidence in the banking system following the numerous bank failures during the Great Depression. By providing insurance for bank deposits, the FDIC assured depositors that their money was safe, even if a bank were to fail. This assurance played a crucial role in stabilizing the banking sector and helped to rebuild trust among individuals who were hesitant to keep their money in banks after witnessing financial turmoil.

In contrast, the Social Security Administration was focused on providing financial assistance to retirees and individuals with disabilities, not specifically aimed at the banking system. The Works Progress Administration (WPA) was established to create jobs and support economic recovery through public works projects, addressing employment rather than banking confidence. The National Recovery Administration (NRA) aimed at regulating industry and raising wages but did not directly address the banking issues that were plaguing the economy at that time. Each of the other programs had different primary objectives, making the FDIC the right choice for restoring confidence in banking.