1. The Glass Steagall Act (FDIC: Federal Deposit Insurance Corrporation) by Chloe

chloemarcella12 — 2016-01-12 21:18:38 UTC

chloemarcella12 — 2016-01-12 21:21:05 UTC

Goal of the Glass Steagall Act (FDIC: Federal Deposit Insurance Corporation)

chloemarcella12 — 2016-01-12 21:22:22 UTC

The Act established the FDIC which gave federal insurance for individual bank accounts up to $5,000, giving reassurance to customers that their money/savings were secure

Did the program lead to success?

chloemarcella12 — 2016-01-12 21:26:03 UTC

The Glass Steagall Act was not as successful as intended because its barricades were weakened by those who thought the security of citizen's savings was unnecessary. However, the FDIC was much more prosperous and restored the public's trust in the system of banking.

Was the program worth Federal Funding?

chloemarcella12 — 2016-01-12 21:34:26 UTC

Yes, the program was worth the Federal Funding because it was important that citizens had their faith restored in where their money was being held, in the banking system.

Why some people might have been critical of this program

chloemarcella12 — 2016-01-12 21:36:48 UTC

Some people might have criticized this program because they could have believed that the Federal Funding was going to waste because there was no proof that the Glass Steagall Act and the FDIC would restore people's faith in the banking system, stimulating the nation's economy.

Information regarding the Glass Steagall Act (FDIC: Federal Deposit Insurance Corporation)

chloemarcella12 — 2016-01-12 21:39:57 UTC

The Act was passed by Congress in 1933 to reorganize the banking system and to make banks look over their customer's money with caution. The Act also forbids commercial banks from taking part in the investment industry, as before, in the Great Depression.

chloemarcella12 — 2016-01-12 21:45:10 UTC

chloemarcella12 — 2016-01-12 21:46:05 UTC

chloemarcella12 — 2016-01-12 21:47:18 UTC

chloemarcella12 — 2016-01-12 23:32:21 UTC