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2 years ago

A current federal program from the New Deal that is directly related to the banking industry is the

History

2 answers:

Naily [24]2 years ago

6 0

It Is the FDIC and it was created to ensure people that they could trust the banks

madreJ [45]2 years ago

5 0

Answer:

Federal Deposit Insurance Corporation

Explanation:

The FDIC was created in the 1930s at a time when thousands of American banks had collapsed and failed, and American consumers had lost trust in the banking system. Created as a New Deal program, this independent federal agency aimed at providing stability to the U.S.'s economy through the regulation of certain banking practices and the insurance of deposits in U.S. commercial banks and savings institutions.

Nowadays, the FDIC keeps promoting public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000.

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2 years ago

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luda_lava [24]

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