FDIC (Federal Deposit Insurance Corporation) (7 h 48 min, 1 janv. 1933 ans – 11 h 44 min, 20 mars 1933 ans)
Description:
~insures customer deposits if a bank fails~by 2008 each depositor's basic accounts in bank were insured up to 250,000$
~federal legislation severely restricted peoples' ability to redeem dollars for gold
~currency then became fiat money backed only by the government's decree
~this happened so that the Federal Reserve could maintain a money supply
Ajouté au bande de temps:
Date:
7 h 48 min, 1 janv. 1933 ans
11 h 44 min, 20 mars 1933 ans
~ 2 months and 18 days