What was the purpose of the FDIC during the Great Depression?

What was the purpose of the FDIC during the Great Depression? The FDIC, or Federal Deposit Insurance Corporation, is an agency created in 1933 during the depths of the Great Depression to protect bank depositors and ensure a level of trust in the American banking system. What is the FDIC and what is its purpose? … Continue reading What was the purpose of the FDIC during the Great Depression?