Why do you think the creation of a Federal Deposit Insurance Corporation was needed in response to the Great Depression?

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asked Sep 3, 2023 58.5k views

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Nimit Joshi · Answer 1 · 2023-09-07T01:30:09+0000

Answer:The FDIC, or Federal Deposit Insurance Corporation, is an agency created in 1933 during the depths of the Great Depression to protect bank depositors and ensure a level of trust in the American banking system.

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Why do you think the creation of a Federal Deposit Insurance Corporation was needed in response to the Great Depression?

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