Essay heading: FDR New Deal

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American History


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Date added:

December 1, 1999






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3 / 698


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These bank failures wiped out the savings of millions of people. With the help of the FDIC (Federal Deposit Insurance Corporation), it helps solve this problem by insuring bank deposits. If the bank is at the edge of bankruptcy, the government would return every penny in the account to the depositor...
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Due to this, Americans deposited more money in the account than withdrawing. The deposits allowed the bank to make loans that would help stimulate the economy and ensure that the bank would not go bankrupt. With banks reopen, people regain their lost faith in placing money in banks. Farming or agricultural problems is another lasting effect that the Great Depression inflict upon...
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