Why was the FDIC created?

Why was the FDIC created? An independent agency of the federal government, the FDIC was created in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s. The FDIC insures trillions of dollars of deposits in U. S. banks and thrifts – deposits in virtually every bank and … Continue reading Why was the FDIC created?