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14 of the New Deals Alphabet Agencies


3
FDIC (Federal Deposit Insurance Corporation)
This familiar logo is a welcome sight in an unstable economy.
This familiar logo is a welcome sight in an unstable economy.

During the summer of 1933, the Glass-Steagall Act was passed, setting forth stringent regulations for banks and providing depositors with insurance of up to $5,000 through the newly formed FDIC. The FDIC successfully restored confidence in the nation's banks and encouraged savings because people no longer feared that all their money would be lost in a bank failure.

 

 


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