Which New Deal programs were designed to limit people's losses from bank failures and stock market crashes?

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06-10-2014
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Which New Deal programs were designed to limit people's losses from bank failures and stock market crashes?

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Tailsidn Tailsidn · Answer 1 · 2014-10-14T15:17:33-04:00

Tailsidn Tailsidn

14-10-2014

The New Deal established the Federal Deposit Insurance Corporation in 1933 as part of the Banking Act of 1933, which insures peoples investments in banks from financial loss due to the bank failing, robberies, ect.

Even today, you should see a 'Insured FDIC' sign on most banks.

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