After the Bank Failures That Occurred During the Great Depression

question 154

True/False

After the bank failures that occurred during the Great Depression of the 1930s, the U.S. government formed three organizations: the Federal Deposit Insurance Corporation (FDIC); the Savings Association Insurance Fund (SAIF); and National Credit Union Administration (NCUA) to restore people's confidence and insure deposits.

---

Definitions:

Problem-Solving

The process of identifying solutions to specific issues.

Federal District Court

A primary court in the United States federal judiciary system handling both criminal and civil matters.

ADR Process

The Alternative Dispute Resolution (ADR) process is a way to solve disputes without litigation, using techniques like mediation, negotiation, or arbitration.

Litigants

Parties involved in a lawsuit, including both the plaintiff (the party bringing the suit) and the defendant (the party being sued).