Question
(ssush 18a) Relief Reform, or Recovery The government provided insurance on individual bank accounts with deposits. Reform Relief Recovery
Answer
4.4
(290 Votes)
Joel
Master · Tutor for 5 years
Answer
Reform
Explanation
The context of the problem is related to U.S. history, specifically the New Deal programs implemented during the Great Depression. The government providing insurance on individual bank accounts was part of the Federal Deposit Insurance Corporation (FDIC) established by the Banking Act of 1933. This measure was designed to restore confidence in the banking system by protecting depositors' funds, thereby preventing bank runs.