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jun 11, 1933 - Glass-Steagall Act (June 1933)

Description:

(1933) law creating the Federal Deposit Insurance Corporation (FDIC) which insured indie bank deposits up to $5k; Ended bank failures which dated back to "wildcat" days of Andrew Jackson; prohibited bankers from using depositors' money to pursue high-risk investments

Added to timeline:

Unit 3 (APUSH II)

Byabcd
20 Jan 2019
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Date:

jun 11, 1933
Now
~ 92 years ago
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