FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)

IT WAS ESTABLISHED ON

PURPOSE

• The FDIC was created because there were many bank failures that occurred in the 1920's and early 1930's.
• The FDIC also made sure that insurance provided a guarantee that in case of death, damage, illness, etc, there would be a payment provided for that specific reason.

BENEFITS

• The FDIC benefited people because it reassured them money if anything were to happen to them.
• The FDIC also helped banks re-open, and achieve the goal of making them successful.

SUCCESS

• The FDIC was successful because it protected the money of depositors in insured banks.
• The FDIC was successful because it helped maintain public confidence and encourage stability in the financial system.

IS IT STILL AROUND TODAY?

• Yes, the FDIC is still around today.
• Why? It's because without the FDIC, banks would have never re-opened, and people wouldn't have had anything to rely on if something would have happened to them.
• The FDIC is very useful and helpful to both banks and people.

WORKS CITED

• Federal Deposit Insurance Corporation." FDIC: History of FDIC. N.p., 16 Dec. 2014. Web. 07 May 2015
• "Find opposite or Similar Words at WordHippo!" WordHippo. N.p., n.d. Web. 07 May 2015.
• http://www.britannica.com/EBchecked/topic/203377/Federal-Deposit-Insurance-...
• "Federal Deposit Insurance Corporation (FDIC) Definition | Investopedia." Investopedia. N.p., 20 Nov. 2003. Web. 07 May 2015.