Safe deposit of money (1 janv. 1908 – 1 juin 1933)
Description:
The Banking Act of 1933 authorized the FDIC to pay up to $2,500 (increased to $250,000 as of 2024) to anyone banking with insured banks that failed, which gave confidence back to the people to trust in the banking system. Prior to this act (1908-1917) 8 states tried some form insurance system in banking but mainly failed due to the great depression and WW1 (Finanace no.5)Ajouté au bande de temps:
Date:
1 janv. 1908
1 juin 1933
~ 25 years