FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)

DATE OF ESTABLISHMENT

Purpose

The FDIC was created in response to the failing bank system. It helped maintain public confidence and have stability in the financial system

WHO IT AFFECTS/BENEFITS

• The FDIC protected people that had deposits in banks that failed.
• Helped banks that were in the best shape during the Great Depression

SUCCESSFUL OR UNSECCESFUL

• YES IT WAS SUCCESFUL BECAUSE IT DECREASED THE UNEMPLOYMENT RATE AND INCREASES INSURANCE RATES FROM 2,500 TO 100000
• Without the FDIC some banks would have never reopened and people wouldn't have anything to rely on.

IS IT STILL AROUND TODAY?

• Yes the FDIC is still around today.
• The FDIC is useful to people and banks today
• The FDIC helps with financial problems and still makes sure people are covered in case bad things happen.

BIBLIOGRAPHY

• "Federal Deposit Insurance Corporation." FDIC: Federal Deposit Insurance Corporation. N.p., n.d. Web. 08 May 2015.
• "Each Depositor Insured to at Least $250,000 per Insured Bank." FDIC: History of FDIC. N.p., n.d. Web. 08 May 2015