FDIC: Federal Deposit Insurance Corporation Overview, Roles & Functions
FDIC - correct answer ✔✔Federal Deposit Insurance Corporation: A federal guarantee of savings
bank deposits initially of up to $2500, raised to $5000 in 1934, and frequently thereafter;
continues today with a limit of $100,000
SEC - correct answer ✔✔protects investors
Social Security Act - correct answer ✔✔(FDR) 1935, guaranteed retirement payments for
enrolled workers beginning at age 65; set up federal-state system of unemployment insurance
and care for dependent mothers and children, the handicapped, and public health
PWA - correct answer ✔✔Public Works Administration. Part of Roosevelts New Deal programs.
Put people to work building or improving public buildings like schools, post offices,etc.
Wagner Act - correct answer ✔✔1935; established National Labor Relations Board; protected
the rights of most workers in the private sector to organize labor unions, to engage in collective
bargaining, and to take part in strikes and other forms of concerted activity in support of their
demands.
CCC - correct answer ✔✔Civilian Conservation Corps. It was Relief that provided work for young
men 18-25 years old in food control, planting, flood work, etc.
new deal - correct answer ✔✔A series of reforms enacted by the Franklin Roosevelt
administration between 1933 and 1942 with the goal of ending the Great Depression.
FDIC - correct answer ✔✔Federal Deposit Insurance Corporation: A federal guarantee of savings
bank deposits initially of up to $2500, raised to $5000 in 1934, and frequently thereafter;
continues today with a limit of $100,000
SEC - correct answer ✔✔protects investors
Social Security Act - correct answer ✔✔(FDR) 1935, guaranteed retirement payments for
enrolled workers beginning at age 65; set up federal-state system of unemployment insurance
and care for dependent mothers and children, the handicapped, and public health
PWA - correct answer ✔✔Public Works Administration. Part of Roosevelts New Deal programs.
Put people to work building or improving public buildings like schools, post offices,etc.
Wagner Act - correct answer ✔✔1935; established National Labor Relations Board; protected
the rights of most workers in the private sector to organize labor unions, to engage in collective
bargaining, and to take part in strikes and other forms of concerted activity in support of their
demands.
CCC - correct answer ✔✔Civilian Conservation Corps. It was Relief that provided work for young
men 18-25 years old in food control, planting, flood work, etc.
new deal - correct answer ✔✔A series of reforms enacted by the Franklin Roosevelt
administration between 1933 and 1942 with the goal of ending the Great Depression.
