Designed to Create More Confidence in Banking Institutions, the FDIC

question 73

Multiple Choice

Designed to create more confidence in banking institutions, the FDIC was established

• A) soon after the Civil War.
• B) in 1908, as the result of the banking panic in 1907.
• C) in 1917, as the nation entered World War I.
• D) during the Great Depression of the 1930s.

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Definitions:

Poussinistes

Followers of Nicolas Poussin (17th-century French painter) who prioritized line and drawing in art, as opposed to color and brushwork preferred by the Rubenistes.

Rubénistes

Artists or art enthusiasts who favored the color and brushwork of Peter Paul Rubens over the line and form promoted by Poussinists, in a debate within the French Academy in the 17th century.

Philosophes

French Enlightenment thinkers and writers who advocated for reason, science, and secularism in the 18th century.

Common Sense

A practical and basic level of understanding, reasoning, or knowledge that is easily understood and shared by nearly all people.