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Federal Deposit Insurance Corporation: Establishment of the Fdic

Curated by ACT

Read about the background of the banking failures and crises in the 1920s and early 1930s which led to the passage of the Emergency Bank Act, and the eventual establishment of the Federal Deposit Insurance Corporation to protect the money people had deposited in banks.

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Additional Tags
bank failures, banking crisis of 1933, deposit insurance, banking act of 1933, banks and stock market, emergency bank act, fdic, federal deposit insurance corporation, first new deal (1933-1934), franklin roosevelt's new deal 1933-1939, new deal, roosevelt's first hundred days
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Classroom Considerations
  • Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)