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.

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Definitions:

Federal Government

The national government of a federal country, which holds the authority to govern the nation as a whole, in contrast to state or local governments.

Common Crop

A plant or agricultural product that is widely grown and harvested for food, feed, fuel, and other uses in a particular region or country.

Christianizing

The process of converting individuals or groups to Christianity.

Tribal Government

The governing body or system of administration used by indigenous tribes to manage their affairs, often based on traditional customs and laws.