https://padlet.com/jknorthrup/pqehvj2d76z9 Money That banks could not give the FDIC did en-us 2018-02-06 13:47:43 UTC 2025-12-31 16:46:23 UTC hello@padlet.com jknorthrup https://padlet.com/jknorthrup/pqehvj2d76z9/wish/228586941 2018-02-06 13:55:04 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/228586941 jknorthrup https://padlet.com/jknorthrup/pqehvj2d76z9/wish/228594621 2018-02-06 14:06:40 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/228594621 jknorthrup https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229081620 2018-02-07 13:41:20 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229081620 jwhitford22 https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229084101  FDR worked with a special session of congress during the first one hundred days of his presidency. Together they passed legislation of unprecedented scope to stimulate industrial recovery, assist hardship victims, restore jobs and guarantee minimum living standards. ]]> 2018-02-07 13:47:09 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229084101 jwhitford22 https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229085248  On the morning of inauguration day in March 1933, the richest state in the union, New York followed suit, it was only a matter of days until the U.S banking system would collapse entirely. ]]> 2018-02-07 13:49:41 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229085248 jknorthrup https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229085993 The FDIC was created because we needed the people to trust the banks so the people would start reinvesting money so it would start to begin to circulate through the economy.]]> 2018-02-07 13:51:34 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229085993 jwhitford22 https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229086856  On March 9th 1933 Congress passed the Emergency Banking Act, which left it to the Treasury Department to decide which bank would be allowed to reopen and under what conditions. Eventually, over half half the banks were allowed to reopen, with their deposits now ensured by the Federal Deposit Insurance Corporation (FDIC) granted government insurance for banks deposit. ]]> 2018-02-07 13:53:21 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229086856 jwhitford22 https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229088385 The FDIC stands for The Federal Deposit Insurance Corporation ]]> 2018-02-07 13:56:09 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229088385 jwhitford22 https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229090187  One out of every three wage and salary earners- 12.5 million men and women were out of a job. Those who had a job often only made 4 to 10 cents an hour. ]]> 2018-02-07 13:59:32 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229090187 jknorthrup https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229091837  "The problem became so severe in the spring of 1933 that recently inaugurated President Franklin D. Roosevelt had to declare a national bank holiday, closing every bank in the United States and scrambling for short-term and long-term solutions to the problem"]]> 2018-02-07 14:02:53 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229091837 jknorthrup https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229093664  The FDIC lost 1.3 billion dollars during the great depression.]]> 2018-02-07 14:06:22 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229093664 jwhitford22 https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229314006  Roosevelt's had a problem in his first one hundred days in office. Since the start of the depression, more then four thousand banks had failed. In the last three months of 1932, Nevada, Michigan and Louisiana were all forced to suspend all bank activities.  ]]> 2018-02-07 20:17:06 UTC https://padlet.com/jknorthrup/pqehvj2d76z9/wish/229314006