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In History / High School | 2014-10-06

Which New Deal programs were designed to limit people's losses from bank failures and stock market crashes?

Asked by LuigiRhoades825

Answer (2)

The New Deal established the Federal Deposit Insurance Corporation in 1933 as part of the Banking Act of 1933, which insures peoples investments in banks from financial loss due to the bank failing, robberies, ect.
Even today, you should see a 'Insured FDIC' sign on most banks.

Answered by Tails | 2024-06-24

The New Deal programs designed to limit people's losses from bank failures and stock market crashes include the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits, and the Securities and Exchange Commission (SEC), which regulates the stock market. Both programs were established to restore confidence in the financial system during the Great Depression. They continue to provide a safety net for investors and depositors today.
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Answered by Tails | 2025-01-22

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