Before the crash
what did Banks often do with people's money before 1929?
What is Investing it in risky stocks?
What is the term for people rushing to withdraw their money from Banks?
What is a bank run?
Who introduced the New Deal to fix the banking system?
Who is Franklin D Roosevelt?
What does FDIC stand for?
What is the federal Deposit Insurance corporation?
What safety feature do modern banks have that didn't exist in 1929?
What is deposit insurance?
Why were Banks more dangerous before the Great Depression?
What is because they were poorly regulated?
What happens when banks run out of cash during the Great Depression?
What is they closed or failed?
What 1933 law temporarily closed banks to stop panic?
What is the Emergency Banking act?
What does the FDIC protect?
What are bank deposits?
How are banks today different in terms of rules?
What is they are more regulated?
What protection did depositories not have before 1933?
What is deposit insurance?
Why did the bank runs spread so quickly?
What is fear and loss of trust in banks?
What law separated Commercial Banking from Investment Banking?
What is the Glass-Steagall act?
Why did FDIC insurance stop bank runs?
What if people knew their money was safe?
What organization still protects deposits today?
What is FDIC?
What economic behavior caused Banks to take bigger risks in the 1920s?
What is stock market speculation?
What happened to many Americans' savings when banks failed?
What is they lost their money?
Why did the government close banks before reopening them?
What is to check their financial stability?
When was FDIC created?
What is 1933?
Why are bank failures less common today?
What is stronger, regulations and insurance?
What major problem existed because Banks mix customer savings with Investments?
What is the risk of losing depositors money?
How did bank failures affect the overall economy?
What is worsened the Great depression?
What was the main goal of New Deal banking reforms?
What is restoring trust in banks?
How did FDIC change people's behavior towards banks?
What is it restored confidence and trust?
What lasting impact did New Deal banking reforms have on todays econmony?
What is a more stable banking system?