In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress:

Question

Quizplus · Accepted Answer

Congress formed the Federal Deposit Insurance Corporation (FDIC) in 1933 as a way to ensure that individuals' bank deposits were insured and protected in the event of a bank failure. This was a response to the numerous bank failures during the Great Depression that left many people without access to their savings. The Bubble Act was actually passed in 1720 and was not related to the financial crisis of the 1930s. The Federal Reserve Bank had already been established in 1913, prior to the stock market crash of 1929. The American Anti-Corruption Act is not directly related to preventing financial crises.

In an Effort to Prevent Future Financial Crises Like the Stock