Federal Deposit Insurance Corp.

Established: 1933

Who was the program intended to help?

The program was intended to help every single American citizen that has or will put money into a bank.

What was the program intended to do?

The FDIC was created to help the public trust the U.S financial system after the stock market crashed, resulting in the Great Depression.

Does the program fall under the Relief, Reform, or Recovery program of Roosevelt's New Deal?

The FDIC falls under reform because it's a permanent agency designed to insure depositors money in saving banks.

How successful do you believe this program was at relieving the economic crisis?

I wouldn't say the FDIC was great at relieving the economic crisis because it didn't to much for getting people jobs but it did an amazing and is still doing a beautiful job at keeping that same crisis from repeating itself.

How does this program add to your understanding of the Great Depression?

The creation of this program helps me understand that before the program was created the U.S financial system really wasn't all that reliable and the depositors had nothing to fall back on. Which was one of the major reasons that flared the Great Depression.

Does this program still exist today?

Yes it still exist and the amount of money the bank insured the depositor has drastically changed since 1933.
The New Deal-FDIC & SEC (A Documentary)