Hosted on MSN4mon
What should you do if your bank collapses? What happens to your money?
That was the driving force behind the creation of the FDIC in 1933 by the Franklin Delano Roosevelt administration after a series of bank runs during the Great Depression. The FDIC insures ...
BBC1y
The impact of the Great Depression
Around 9,000 banks closed between 1930 and 1933. This meant that many Americans lost their savings. The Great Depression affected how people lived, both from a physical and mental perspective.
Harvard Business School3y
Did Bank Distress Stifle Innovation During the Great Depression?
Nanda, Ramana, and Tom Nicholas. "Did Bank Distress Stifle Innovation During the Great Depression?" Harvard Business School Working Paper, No. 12-106, May 2012. (Revised October 2013. Revise and ...
BBC1y
The ‘New Deal’ - the start of Franklin D Roosevelt’s presidency
His plan intended to solve the problems caused by the Great Depression. Americans had lost confidence in the banking system. 1933 Emergency Banking Act Roosevelt temporarily closed all banks to ...