Glass-Steagall Act (Federal Deposit Insurance Corporation - FDIC) by RUWAID TAIZ https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp en-us 2016-01-12 20:22:42 UTC 2025-10-30 17:27:10 UTC hello@padlet.com Glass-Steagall Act  326459 https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89456871 This document was signed by president Roosevelt on June 16, 1933. Also known as the Banking Act of 1933. This document was passed by the congress and prohibits commercial banks from engaging in the investment business.  It was enacted as an emergency response to the failure of nearly 5,000 banks during the Great Depression.

]]> 2016-01-14 20:02:02 UTC https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89456871 Was the FDIC Successful?why or why not? 326459 https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89457013 The FDIC was successful  in maintaining public confidence in the banking system. The US then faced the Great Depression and many people lost there jobs . The unemployment rate was about 25%, and then the banking act was established by the president Franklin D. Roosevelt . They require that banks keep a certain number of reserves. They set up the rules for bank investments (too much money invested in real estate can ruin a bank if real estate drops in value).

]]> 2016-01-14 20:02:27 UTC https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89457013 Do you believe that the FDIC was a responsible use of federal funding? Why or why not? 326459 https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89457080 I personally believe that the FDIC was a responsible use of federal funding because it made the people trust the banks again and now they can have their money safe at the bank and not having to put it home .

]]> 2016-01-14 20:02:45 UTC https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89457080 Goals  326459 https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89457501

The FDIC had many goals like to open government plan demonstrates the synergy between the actions taken by the corporation and its overarching Insured depositors are protected from loss without recourse to taxpayer funding. FDIC-insured institutions are safe and sound.

]]> 2016-01-14 20:04:29 UTC https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89457501 Why might some people have been critical of the FDIC? 326459 https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89458684 People before in the Great depression lost all of their money because there was no FDIC which gives every bank account up to 250,000. People thought it was a trick to make people lose their money.

]]> 2016-01-14 20:08:26 UTC https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89458684 326459 https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89458747 2016-01-14 20:08:44 UTC https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89458747 326459 https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89458771 2016-01-14 20:08:49 UTC https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89458771 326459 https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89458777 2016-01-14 20:08:50 UTC https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89458777 326459 https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89459898 2016-01-14 20:13:30 UTC https://padlet.com/326459/GlassSteagallActFederalDepositInsuranceCorp/wish/89459898