2007-12-17 14:08:35 · 4 answers · asked by littlelorenbree 1 in Arts & Humanities ➔ History
Because FDR had the government create the FDIC and the FSLIC to guarantee bank deposits up to a certain amount.
2007-12-17 14:14:41 · answer #1 · answered by Spartacus! 7 · 0⤊ 0⤋
FDR put America back on the gold standard,so money had real backing ,and the government guaranteed bank deposits up to a certain amount
2007-12-17 14:25:07 · answer #2 · answered by ole man 4 · 0⤊ 0⤋
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2016-05-16 09:54:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
it took a long time, but after the war everyone had government bonds and these were redeemable at banks so even if you had no faith in the bank, patriotic citizens saved money and bought bonds. backed by federal reserve bank, then can FDIC.
2007-12-17 14:20:23 · answer #4 · answered by Anonymous · 0⤊ 1⤋