The FDIC was established to
a. protect the savings of the American people.
b. help with the financing of World War II.
c. federalize the banking system.
d create a government monopoly

The FDIC's purpose was to provide stability to the economy and the failing banking system. Officially created by the Glass-Steagall Act of 1933 and modeled after the deposit insurance program initially enacted in Massachusetts, the FDIC guaranteed a specific amount of checking and savings deposits for its member banks.

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The FDIC was established to a. protect the savings of the American people. b. help with the financing of World War II. c. federalize the banking system. d create a government monopoly

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The FDIC was established to
a. protect the savings of the American people.
b. help with the financing of World War II.
c. federalize the banking system.
d create a government monopoly