FDIC by Mar Bia https://padlet.com/marabianchi04/91nk1oyay2qt en-us 2018-02-06 13:13:23 UTC 2023-06-01 02:02:07 UTC hello@padlet.com Purpose of the FDIC marabianchi04 https://padlet.com/marabianchi04/91nk1oyay2qt/wish/228566006  America's financial system needed to be fixed. FDR requested that congress should pass a Banking Act. This act would have "forbade banks" invest depositors' money within the stock market. ]]> 2018-02-06 13:21:43 UTC https://padlet.com/marabianchi04/91nk1oyay2qt/wish/228566006 What is the FDIC? balexander2022 https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229066375  In 1935 congress passes the banking act which was created in order to protect stock market investors. This made companies and corporations to give accurate and complete information to the public. ]]> 2018-02-07 12:55:05 UTC https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229066375 Savings marabianchi04 https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229069181  This agency insured savings accounts up to $5,000 ($250,000 in 2012), preventing future bank runs. " ]]> 2018-02-07 13:05:10 UTC https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229069181 Primary source marabianchi04 https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229069827 ​Banks provided deposit insurance of up to $2,500 for each depositor account. This image shows a bank teller and a man that wants money from the bank.
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]]> 2018-02-07 13:06:57 UTC https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229069827 Purpose of the FDIC marabianchi04 https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229070964 " In 1933 Congress acted to restore depositor confidence in the banking system by adopting a law that would insure bank deposits even in the face of a failing bank system. "]]> 2018-02-07 13:11:10 UTC https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229070964 Purpose of the FDIC marabianchi04 https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229071563   The FDIC caused a major impact on banks. The law made it so if a bank failed, depositors would still get their money back. This is important because this act made it so even if a bank failed depositors would get money back. Therefore, people were not poor.  ]]> 2018-02-07 13:12:47 UTC https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229071563 Purpose of FDIC marabianchi04 https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229072640  The FDIC tried to pay back all deposits, even if the cost was over 100,000 dollars. This made it so the public confidence banking system is high. This is important because it made it so all banking systems were high and people were not bankrupt.  ]]> 2018-02-07 13:15:49 UTC https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229072640 marabianchi04 https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229073971 2018-02-07 13:19:54 UTC https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229073971 Primary source marabianchi04 https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229532239 The following graph shows what the stock market looked like before FDR's new banking act.]]> 2018-02-08 12:56:15 UTC https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229532239 marabianchi04 https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229538308 This graph shows at what point the stock market crashed and the stock market slowly rising after FDR made the new banking act.]]> 2018-02-08 13:13:20 UTC https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229538308 Primary source marabianchi04 https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229541079 This image shows the FDIC's "logo" or "Seal".]]> 2018-02-08 13:20:11 UTC https://padlet.com/marabianchi04/91nk1oyay2qt/wish/229541079