June 16, 1933
Who was this program intended to help?
It intended to help people with money in the bank.
What was this program intended to do?
This program helped you keep your money safe, just in case the bank was robbed, burned, lost money, closed down, ect...
Does this program fall under the Relief, Recovery, or Reform program of Roosevelt's New Deal?
The FDIC fell under the reform category because it helped insure depositors their money.
How successful do you believe this program was at relieving the economic crisis?
This was a successful way because you knew that your money in the bank was safe with FDIC. You didn't have to worry about something happening to your money and not ever getting it back.
How does this program add to your understanding of the Great Depression?
It shows that even banks lost money, robbery's took place and you weren't sure if your money was safe or not. FDIC helped people trust banks and people with money put their money in the bank.
Does this program still exist today?
This program still exist today. Most people trust banks because they know that whatever happens to the bank there money will be replaced. The money they have is secured with FDIC.