By creating the Federal Deposit Insurance Corporation, banks were in a better position to lend people money.

Question

Quizplus · Accepted Answer

The creation of the FDIC in 1933 provided insurance on bank deposits, which increased public confidence in the banking system and helped stabilize it. This stability allowed banks to lend money more freely, which ultimately helped stimulate economic growth during the Great Depression.

By Creating the Federal Deposit Insurance Corporation, Banks Were in a Better