Safe deposit of money (1 ene 1908 año – 1 jun 1933 año)

Descripción:

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)

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