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Ne4ueva [31]
3 years ago
7

What was fdrs reason for the banking act

History
1 answer:
never [62]3 years ago
3 0
The Federal Deposit Insurance Corporation was initiallyestablished<span> by the </span>Banking Act<span> of 1933 in response to the depression era closure of </span>banks<span>. Two years later, in the </span>1935 Banking Act<span>, the FDIC was made a permanent agency of the federal government.</span>
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