How did the creation of the Federal Deposit Insurance Corporation (FDIC) help end the banking crisis?

1 answer:

4 0

By insuring bank deposits up to $5,000.

The FDIC was a part of the New Deal programs of legislation during the presidency of Franklin Delano Roosevelt (FDR). FDR signed the measure into law in June, 1933. The program went into effect as of January 1, 1934. Banks soon learned they needed to enroll in FDIC or customers wouldn't come to their banks.

You might be interested in

Was this an accurate assessment to test for bias?

melisa1 [442]

Answer:

Risk of bias assessment (sometimes called "quality assessment" or "critical appraisal") helps to establish transparency of evidence synthesis results and findings. A risk of bias assessment is often performed for each included study in your review. Evidence syntheses strive to eliminate bias in their findings.

Explanation:

<h2>PLEASE MARK ME BRAINLIEST AND FOLLOW M E LOTS OF LOVE FROM MY HEART AND SOUL DARLING TEJASWI HERE ❤️</h2>

6 0

3 years ago

Setting the rules that couples must follow to be married is the responsibility of which organization?

netineya [11]

Municipal government is the answer.

6 0

3 years ago

Which of the following circumstances usually accompanies a period of economic expansion?

telo118 [61]

Answer choices are:

a. Falling production

b. High inflation

c.Low GDP

d.Rising unemployment

Correct answer choice is:

b. High inflation

A period of economic expansion is basically the period in which the economy of any country is boosted from a low level to a high level. Business activities surges and gross domestic product (GDP) is expanded until it reaches a peak. The productivity of goods and services rises and the production houses are completely supported by the government. The banks are forced to increase the interest rates in order to raise the profit.

4 0

3 years ago

Read 2 more answers

PLEASE HELP! How did Chicago shape america? At the turn of the 20th century?

Ede4ka [16]

Chicago , conocida coloquialmente como «la Segunda Ciudad» o «la Ciudad de los Vientos», es la tercera ciudad con mayor número de habitantes en Estados Unidos , detrás de Nueva York y Los Ángeles .

Chicago se encuentra en el estado de Illinois , a lo largo de la costa suroeste del lago Míchigan , y es la sede del condado de Cook .

Forma parte del área metropolitana de Chicago , una conurbación integrada además por los condados periféricos.

7 0

3 years ago

Europeans used "Forwardness" as their central justification for conquest. True False

Nataliya [291]

Answer:

true

Explanation:

<h3>sana makatulong yan lang poh alam ko</h3>

3 0

3 years ago