THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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increased the supply of money in the economy.
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guaranteed loans to failing businesses and banks.
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attempted to restore public confidence in financial institutions.
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provided grants to unemployed workers.
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Detailed explanation-1: -The Federal Deposit of Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC), established during the New Deal were important because? They attempted to restore public confidence in financial institutions.
Detailed explanation-2: -The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation’s financial system.
Detailed explanation-3: -The SEC was created in 1934 as one of President Franklin Roosevelt’s New Deal programs to help fight the devastating economic effects of the Great Depression and prevent any future market calamities.
Detailed explanation-4: -The Federal Deposit Insurance Corporation has served as an integral part of the nation’s financial system for 50 years. Established by the Banking Act of 1933 at the depth of the most severe banking crisis in the nation’s history, its immediate contribution was the restoration of public confidence in banks.
Detailed explanation-5: -1 Answer. The SEC and FDIC were created to create stability in the US banking system for the average consumer.