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New Deal
Essay specific features
Written by:
Herminia S
Date added:
November 15, 2010
Level:
University
Grade:
B
No of pages / words:
3 / 643
Was viewed:
2777 times
Rating of current essay:
Essay content:
In the time of the stock market crash, deposit insurance did not yet exist and without much cash on hand, banks become highly endanger of runs. A run was the result of the depositors becoming fearful of a bank closure and, in return, immediately withdrawing their savings. For the common American, the increasing problem of collapsing banks became an unnerving new development...
displayed 300 characters
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A run was the result of the depositors becoming fearful of a bank closure and, in return, immediately withdrawing their savings. For the common American, the increasing problem of collapsing banks became an unnerving new development. Roosevelt addressed those problems of fear or distrust with the Federal Deposit Insurance Cooperation, or the FDIC...
displayed 300 characters
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