History

Question

What established the Federal Deposit Insurance Corporation (FDIC), with the greater goal of restoring public confidence in the banking system?
Agricultural Adjustment Act
National Industrial Recovery Act
Glass-Steagall Banking Act
Federal Securities Act

1 Answer

  • It was the "Glass-Steagall Banking Act" that established the Federal Deposit Insurance Corporation (FDIC), with the greater goal of restoring public confidence in the banking system, since many Americans before this did not trust banks with their money. 
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