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Federal Deposit Insurance Corporation (FDIC) (1933)

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Federal Deposit Insurance Corporation (FDIC) (1933)

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The FDIC was created to restore trust in the banking system by insuring deposits against bank failures. This program helped stabilize the banking industry during the Great Depression, encouraging people to trust their banks again. It continues to protect bank customers today by preventing financial panic and ensuring that deposits are safe. The FDIC also plays a crucial role in regulating financial institutions and making sure banks follow necessary regulations to maintain stability in the economy.

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The National Labor Relations Act (Wagner Act) of 1935

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The National Labor Relations Act (Wagner Act) of 1935

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This law gave workers the right to form unions and negotiate for better wages, hours, and working conditions. It also created the National Labor Relations Board to protect workers from unfair treatment by employers. The Wagner Act helped strengthen the labor movement, leading to improved wages and job security for millions of Americans. Over time, it contributed to the rise of the middle class by ensuring that workers had a voice in the workplace. Its legacy is still felt today as it continues to protect employees’ rights across many industries.

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The Social Security Act was created to provide financial support for retired workers, unemployed individuals, and those with disabilities. It was designed to assist Americans who were unable to work and prevent poverty among the elderly. This program has provided millions of people with a steady income, especially after retirement. It also introduced unemployment benefits, helping people maintain financial stability while searching for new jobs. Today, Social Security continues to be a vital safety net for millions of Americans, making it one of the most significant government programs in U.S. history