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How did life insurance companies fare during the Great Depression in US and Europe?
Wiki User
∙ 12y ago
When Congress established the Reconstruction Finance Corporation while Hoover was still President (the RFC was continued under FDR), the agency was authorized to lend $2 billion to banks, insurance companies, building and loan associations, and credit organizations. Some insurance companies failed but others survived but did so only by decreasing the benefits handed out to the consumer.
Wiki User
∙ 14y ago
Anonymous
Did they Survive
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Did life insurance companies help bail out bank and the government during the Great Depression?
Yes
How where the European countries hurt during the Depression?
United States companies stopped investing in Germany.
Why did Japan need Chinese resources?
Trade with Europe declined during the Depression.
How bad did the depression hit Italy during World War 2?
The depression generally affected USA only but all of Europe was in poor shape during the war.
What were three industries other than automobile corporations that were financially well-off during the Depression?
There were at least three groups other than automobile corporations that were financially well-off during the Depression. These includeÊthe clothing manufacturers, newspaper publishers, and oil companies.
Did life insurance companies help bail out bank and the government during the Great Depression?
Yes
How where the European countries hurt during the Depression?
United States companies stopped investing in Germany.
What was the money standard broken by Europe during the depression?
gold
Why did Japan need Chinese resources?
Trade with Europe declined during the Depression.
How bad did the depression hit Italy during World War 2?
The depression generally affected USA only but all of Europe was in poor shape during the war.
What provides for an old-age insurance program during the Great Depression?
The Social Security Act.
Where can one get insurance during a holiday for a car breakdown?
Check with an insurance agent to find out which companies provide breakdown insurance and the costs. One of the better companies for this kind of insurance is Liberty Mutual. Triple A also provides breakdown insurance.
What were three industries other than automobile corporations that were financially well-off during the Depression?
There were at least three groups other than automobile corporations that were financially well-off during the Depression. These includeÊthe clothing manufacturers, newspaper publishers, and oil companies.
European economies were hurt during the Depression when US companies stopped investing in what nation?
Germany
How many publicly traded companies failed during the Great Depression?
Hundreds of publicly traded companies failed during the Great Depression. This came as a result of poor economic conditions in the United States prior to World War II.
What century did the economy of Europe sink into a deep depression?
14 th
Where do insurance companies go for records of applications for life insurance from other companies?
The M.I.B. (Medical Information Bureau) is a database where all insurers report the records found during the application underwriting for their clients. That's where they find information reported by other insurance companies as well.
