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By preventing bank runs
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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
What was a lasting effect of the great depression?
The establishment of federal deposit insurance corporation
Which of these was created from the Glass-Steagall Act of 1933 after the Great Depression?
Federal Deposit Insurance Corporation
When was Federal Deposit Insurance Corporation created?
Federal Deposit Insurance Corporation was created in 1933.
how was the federal deposit insurance meant to prevent another depression?
By preventing bank runs
What is the abbreviation for the Bank Insurance Corporation?
The initials are FDIC for federal deposit insurance corporation.
What is a government owned corporation?
Federal Deposit Insurance corporation
When did the Federal Deposit Insurance Corporation Improvement Act pass?
The Federal Deposit Insurance Corporation Improvement Act passed in 1991
How was the federal deposit insurance corporation meant to prevent another deprsion?
The Federal Deposit Insurance Corporation (FDIC) was established in 1933 in response to the widespread bank failures during the Great Depression. Its primary purpose is to insure deposits in member banks, which helps restore public confidence in the banking system by protecting depositors' funds. By ensuring that individuals do not lose their savings in the event of a bank failure, the FDIC aims to prevent bank runs and stabilize the financial system, thereby reducing the likelihood of another economic depression.
What federal corporation that insures money deposited in member banks called?
Federal Deposit Insurance Corporation, FDIC
What crisis helped start the Great Depression and lead to Roosevelt creating the Federal Deposit Insurance Corporation (FDIC)?
Banks failed when people began to withdraw all of their money
