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And, you know, for young people, they don’t really know what happened with the Great Depression. People jumped out of their windows. Banks closed down, people couldn’t get their money out of ...
Businesses closed, banks collapsed, one in four people was unemployed, families couldn't make rent, the economy was broken. And this was happening all over the world.
Created in 1933 at the height of the Great Depression, the program exists to prevent "bank runs," or cascading panics where most or all of a bank's accountholders try to withdraw their money ...
If you have money in a checking, saving or other depository account, it is protected from financial downturns by the FDIC. Beyond that, investment products are more exposed to risk, but you can ...
Businesses closed, banks collapsed, one in four people was unemployed, families couldn't make rent, the economy was broken. And this was happening all over the world.