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iragen [17]
3 years ago
13

Explain why the Federal Deposit Insurance Corporation (FDIC) and the Securities

History
1 answer:
Allushta [10]3 years ago
5 0

The Federal Deposit Insurance Corporation (FDIC) was created in in 1933 and it was to protect bank depositors and ensure a level of trust in the American banking system, during the Great Depression.

The Exchange Commission (SEC) was created in 1934 and the goal was to  to help investors feel comfortable to put money back into the stock market.

Both were important to create confidence in american people, and to create the possibility to  get out of the Great Depression.

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Migration of Skilled Workers – if protestant population and unwilling to reconvert, they were given four years to settle their affairs prior leaving the city.

<span>Work Ethics for Protestants -  </span>it encouraged thriftiness and education

<span>Cheap Energy Sources -  </span>The creation of the wind-powered sawmill empowered the structure of an enormous fleet of ships for worldwide transaction and for military defense of the nation’s economic interest.

Birth and wealth of corporate finance -  By tradition, Seafarers and powerful mapmakers able to start in trading with the Far East and as the century wore on, they expanded an increasingly authoritative position in world trade.

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Prompt
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