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jun 16, 1933 - FDIC

Description:

The Federal Deposit Insurance Corporation was an act that helped to increase public trust in the banking system and protected bank depositors. Prevents people from loosing money when a bank fails. Insures deposits up to 250,000 dollars and is still in effect today.

Added to timeline:

New Deal

ByAlijahwan Maragh
29 Mar 2018
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Date:

jun 16, 1933
Now
~ 93 years ago
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