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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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Roger Sherman ultimately came with the solution of a Congress with two houses. The House of Representatives would have representation proportional to the population in each state. However, the Senate would have 2 representatives per state. Regardless of their population.



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