4 years ago

Which item best completes the chart?

History

2 answers:

Mamont248 [21]4 years ago

7 0

Answer:

<u>C. Protect citizens form bank failures</u>

Explanation:

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 New Deal Agency The Federal Deposit Insurance Corporation.

The main goal of this agency was to protect citizens from bank failures by providing deposit insurance to depositors in U.S. commercial banks and savings institutions in case that a bank failed, and by regulating some banking practices.

OverLord2011 [107]4 years ago

6 0

Answer:c

Explanation:

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