Guarantee of Safe Deposits (jan 1, 1933 – jul 12, 1934)
Description:
The United States adopted Federal Deposit Insurance Corporation in 1933. (FDIC) This was also apart of the Banking Act of 1933. The insurance program began January 1, 1934. This protected money in deposit accounts at FDIC insured banks.Added to timeline:
Date:
jan 1, 1933
jul 12, 1934
~ 1 years and 6 months