Final answer:
The US system of bank regulation and deposit insurance was established with tools like the Federal Reserve and the FDIC to prevent bank runs and ensure financial stability.
Step-by-step explanation:
The United States has a system of bank regulation and deposit insurance, established to prevent bank runs and provide stability to the financial system. After the stock market crash of 1929 and subsequent bank failures, measures like the Federal Reserve Act of 1913 and the creation of the Federal Deposit Insurance Corporation (FDIC) were implemented to manage the country's monetary policy and insure depositors' funds, respectively. These steps were taken to protect individuals' savings and maintain public confidence in the banking system, especially during times of financial difficulty such as the Great Depression and the 2008-2009 financial crisis.