What guarantee was made available to banks in 1933?

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asked Jan 17, 2019 50.8k views

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Brian Stephens · Answer 1 · 2019-01-23T10:15:43+0000

FDIC was put in place protecting peoples money, basically if anything was to happen to the bank someone was using their money wouldn't be effected, the max amount of money that would be protected is $250k

What guarantee was made available to banks in 1933?

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