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How did the creation of the Federal Deposit Insurance Corporation (FDIC) help end the banking crisis? by fining failed banks $5,000 per account by giving $5,000 to each unemploy…

How did the creation of the Federal Deposit Insurance Corporation (FDIC) help end the banking crisis? by fining failed banks $5,000 per account by giving $5,000 to each unemploy…
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How did the creation of the Federal Deposit Insurance Corporation (FDIC) help end the banking crisis?

by fining failed banks $5,000 per account
by giving $5,000 to each unemployed worker
by limiting bank deposits to $5,000
by insuring bank deposits up to $5,000

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User Adithya Upadhya
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Answer:

by insuring bank deposits up to $5,000

Step-by-step explanation:

gradpoint

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User Anjaneya
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By insuring bank deposits up to $5,000.

The FDIC was a part of the New Deal programs of legislation during the presidency of Franklin Delano Roosevelt (FDR). FDR signed the measure into law in June, 1933. The program went into effect as of January 1, 1934. Banks soon learned they needed to enroll in FDIC or customers wouldn't come to their banks.
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User L H
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