Approximately how many banks failed between 1929 and 1933, the years of Herbert Hoover's administration? O 2,000 4,000 O 500 8,000 True or False: Upon taking office in the spring of 1933, President Roosevelt failed to take decisive steps to stop the run on banks. For months, the nation's banking system teetered on the verge of collapse; while complete collapse was avoided, bank fallures remained high throughout Roosevele's administration True I False