jan 6, 1933 - FDIC
Description:
Franklin D. Roosevelt closed the banks, then in a few days, sound banks began to reopen. Congress passed the act that established the Federal Deposit Insurance Corporation. It insures customer deposits if a bank fails. It limited the amount of gold people could get from the bank, and eventually the money became fiat money.Added to timeline:
Date:
jan 6, 1933
Now
~ 91 years ago
