Safe deposit of money (1 Jan 1908 Jahr – 1 Jun 1933 Jahr)

Beschreibung:

The Banking Act of 1933 authorized the FDIC to pay up to $2,500 (increased to $250,000 as of 2024) to anyone banking with insured banks that failed, which gave confidence back to the people to trust in the banking system. Prior to this act (1908-1917) 8 states tried some form insurance system in banking but mainly failed due to the great depression and WW1 (Finanace no.5)

Zugefügt zum Band der Zeit:

populism timeline

ByMalachi Griffin

1 Mon. zuvor

Datum:

1 Jan 1908 Jahr

1 Jun 1933 Jahr

~ 25 years