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How was the Federal deposit insurance corporation ment to prevent another depression?
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Does FERA still exist today?
FERA stands for Federal Emergency Relief Administration, and it was another program that was part of Roosevelt's New Deal during the Great Depression in the US. It was established as a result of the Federal Emergency Relief Act of 1933. FERA does not exist today because it was terminated in 1935, and its work was taken over by the WPA (Works Progress Administration) and the Social Security Board.
What is the term civil servants another name for?
Federal employees hired on merit
Examples of prohibited powers?
Declaration of war is an example of a prohibited power of states. Only the federal government can declare war against another country. Administering elections is another example; this is a power of states, not the federal government.
What is federal sovereignty?
"Federal sovereignty" is the extension of authority by a federation or group of governments, where the prerogatives of the group supercede those of the individual member states. One example under the US Constitution is the supremacy of Federal courts in decisions over laws, rights, and interstate commerce. Another would be the issuance of the national currency.
What is a example of a shared power in government?
An example of shared power in our government is our elections. Each state holds elections for federal positions like congress. Taxes is an another example since our state and federal taxes can sometimes fund the same project.
How was the federal insurance corporation meant to prevent another depression?
By preventing bank runs
How was the federal depoist insurance corporation meant to prevent another depression?
By preventing bank runs
How was the Federal Deposit Insurance Corporation meant to prevent another depression?
By preventing bank runs
how was the federal deposit insurance meant to prevent another depression?
By preventing bank runs
What were the main effects of the Great Depression of 1929?
The establishment of the FDIC (Federal Deposit Insurance Corporations) to regulate stock exchange so another stock market crash can be avoided.
How would the Federal Deposit Insurance Corporation help prevent another depression?
In and of itself, it wouldn't. The Federal Deposit Insurance Corporation is not an insurer per se. Instead, it is a quasi-government agency that uses tax dollars to prop-up and try to rehabilitate failing banks. The FDIC "insures" deposits to a stated amount per depositor. Therefore, if the bank fails, the FDIC reimburses the depositor for the amount that he/she/it had deposited up to the stated amount. While "bank runs" can be an elements of a "depression", there are many other causes of one. One of the primary causes is reduced demand for goods and services in an economy, which results in reduced employment, which in turn further reduces the demand for goods and services.
What can you do if your bank was robbed?
You don't need to do anything. Your bank was insured by the Federal Deposit Insurance Corporation (FDIC) and your money will be replaced. If the banks safe deposit vault was robbed and your personal valuables were stolen, that is another matter entirely and would be handled by the banks private insurors.
How can one corporation acquisitions of another corporation transfer the good will of the purchase company?
increase income to provide or give the need of another corporation
Can a corporation be a partner in another corporation?
A partnership is a different legal entity than a corporation. Therefore, literally speaking a corporation cannot be a partner in another corporation because corporations don't have partners. A corporation can be a security holder in another corporation. For example, a corporation that owns all of another corporation would be the "parent company," and the owned corporation would be a "wholly-owned subsidiary."Please note, at least here in the US, two corporations can form a partnership and it is not limited to actual people. There are some situations when this is advantageous over just forming a joint venture.
What were alphabet agencies and what was their purpous?
Alphabet agencies were created under Franklin D. Roosevelt during the Great Depression as relief for the unemployed and to prevent another stock market crash. (Including: Social Security Administration (SSA), Public Works Administration (PWA), Federal Deposit Insurance Cooperation (FDIC), etc., etc.)
What measures did roosevelt take to prevent another crash?
Pretty much the entire New Deal was put into place to prevent another stock marketcrash. More specifically the second and third New Deal was put into place to prevent another Great Depression. New Deal reforms: Works Progress Administration (WPA) - employed more than 8 million people to work on roads and bridges Social Security Act- unemployment compensation, insurance for the elderly, disabled, single parents. Wagner Act- strengthened collective bargaining (unions) Fair Labor Standards Act- minimum wage, 8 hour work day, no child labor Banking Act - strengthened Federal Reserve, established the FDIC Federal Deposit Insurance Corporation (FDIC) -insured individual deposits up to $5000 (prevent bank runs) National Recovery Administration (NRA) - set fair competition codes for all industries The Securities and Exchange Commission (SEC) - Federal government agency that monitors the nation's stock markets There are many more reforms passed during the New Deal during FDR's presidency but these are the basic ones that helped prevent another great depression.
Can one corporation own stock in another corporation?
Obviously yes. Well not so obviously, it used to be illegal. I would like to learn the history of how it became legal for one corporation to own another corporation.
