A major purpose of the FDIC (Federal Deposit Insurance Corporation) during the 1930s was to <u>strengthen consumer confidence in the banking system.</u>
In the early 1930s, almost 1/3 of American banks had collapsed and failed, and American consumers had lost trust in the banking system. As a response to this, Roosevelt's administration created the 1933 Banking Act, which formed the FDIC, with the purpose to provide stability to the U.S.'s economy and strengthen American confidence in the banking system again.
The FDIC provided deposit insurance to depositors in U.S. commercial banks and savings institutions, in case that a bank failed, and regulated some banking practices.
The Inca Empire was located in modern day Peru
By starting with the words “We the People,” the Preamble to the US Constitution suggests that the Constitution created derived its power from the people; yet it also, in some ways, implies exclusion of non- citizens. (Courses.lumenlearing. Com)
<span>Over half of the refugees seeking entrance to the united states in 2007 came from Africa and Asia, due to troubles in their mother countries and many opportunities for job and life in general in America.</span>