Answer:
On June 16, 1933, Roosevelt signed the Glass-Steagall Banking Reform Act. This law created the Federal Deposit Insurance Corporation. Under this new system, depositors in member banks were given the security of knowing that if their bank were to collapse, the federal government would refund their losses.
Explanation:
An emergency banking law was rushed through Congress. ... A government legislation passed during the depression that dealt with the bank problem. The act allowed a plan which would close down insolvent banks and reorganize and reopen those banks strong enough to survive.
A law established by judicial decisions instead of by legislative action is an example of
4.precedent.
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