FDIC (Federal Deposit Insurance Corporation) (7 h 48 m, 1 ene 1933 año – 11 h 44 m, 20 mar 1933 año)

Descripción:

~insures customer deposits if a bank fails
~by 2008 each depositor's basic accounts in bank were insured up to 250,000$
~federal legislation severely restricted peoples' ability to redeem dollars for gold
~currency then became fiat money backed only by the government's decree
~this happened so that the Federal Reserve could maintain a money supply

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