Question
if you were worried about your money being safe from financial disaster in your bank, which New Deal program would calm your fears
Answers
Answered by
GPT 3.5
The New Deal program that would calm fears about the safety of money in banks during a financial disaster is the Federal Deposit Insurance Corporation (FDIC). The FDIC was established as part of the Banking Act of 1933 (also known as the Glass-Steagall Act). The FDIC provides deposit insurance to guarantee the safety of deposits in member banks up to a certain amount, currently set at $250,000 per depositor per insured bank. This program helps to maintain public confidence in the banking system and prevent bank runs during financial crises.
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