INTER WAR YEARS 1919 TO 1939
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This New Deal reform program insured checking and savings accounts.
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Civilian Conservation Corps
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Fair Labor Standards Act
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Federal Deposits Insurance Corporation
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Social Security Act
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Explanation:
Detailed explanation-1: -Reforming the Banks The Glass-Steagall Banking Act stabilized the banks, reducing bank failures from over 4, 000 in 1933 to 61 in 1934. To protect depositors, the Act created the Federal Deposit Insurance Corporation (FDIC), which still insures individual bank accounts.
Detailed explanation-2: -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.
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