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Q: How was the federal deposit insurance cororation meant to prevent another depression?
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how was the federal deposit insurance 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


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 does government sponsored deposit insurance affect your decision deposit money in a bank?

If the deposits in one bank are insured by the government sponsored deposit insurance whereas, in another bank this insurance is not available, it means that in case the first bank goes bankrupt, the government will give me my hard earned money that I put into my account with that bank, whereas it won't do anything if the other bank that does not have deposit insurance goes bankrupt and I stand to lose my hard earned money. So, I will deposit my money only in a bank that has the FDIC insurance on deposits available.


When was Canada Deposit Insurance Corporation created?

Canada Deposit Insurance Corporation was created in 1967.


When was Nigeria Deposit Insurance Corporation created?

Nigeria Deposit Insurance Corporation was created in 1988.


When was Federal Deposit Insurance Corporation created?

Federal Deposit Insurance Corporation was created in 1933.


When was Deposit Insurance Agency of Russia created?

Deposit Insurance Agency of Russia was created in 2004.


What has the author Rita Carisano written?

Rita Carisano has written: 'Deposit insurance' -- subject(s): Deposit insurance


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