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jun 16, 1933 - FDIC

Description:

The Federal Deposit Insurance Company was a federal program that gave depositors in United States banks deposit insurance. Although originally unconvinced that deposit insurance would help, Franklin D. Roosevelt eventually signed the Act into law in order to restore trust in the American banking system and lessen the copious amounts of bank runs.

Added to timeline:

The History of American Banking

ByAnja
10 Nov 2017
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476

Date:

jun 16, 1933
Now
~ 92 years ago

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