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jun 16, 1933 - Banking Act of 1933 (Creation of the FDIC)

Description:

Reform

A legislation approved by Franklin D. Roosevelt which created the FDIC.

The FDIC was created "to maintain stability and public confidence in the nation's financial system" by providing insurance on banking deposits and thrifts in the event of bank failures.

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APUSH Semester 1 Timeline

ByBen Nguyen
6 May 2022
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Date:

jun 16, 1933
Now
~ 92 years ago
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