gilleswoodmaer gilleswoodmaer

09-02-2021
History

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Which of the following was a direct cause for the creation of the Federal Deposit Insurance Corporation (FDIC) during the Great Depression?

the stock market losing 75% of its value

high inflation

bank runs

unemployment rates of 25%

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alion06 alion06

09-02-2021

C- BANK RUN
banks were losing money faster than they could accumulate this scared people so in the New Deal the FDIC created a “backing” for people I’d the backs ever cheated again

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