Examlex
Stock markets are common in many countries and economies.Explain the need for and use of a stock market in an economy.
Glass-Steagall Act
Enacted in 1933, this Act separated commercial banking from investment banking and created the Federal Deposit Insurance Corporation (FDIC) to protect bank deposits.
FDIC
The Federal Deposit Insurance Corporation, a United States government agency that provides deposit insurance to depositors in American commercial banks and savings institutions.
Commercial Banks
Commercial banks are financial institutions that provide a variety of services, including accepting deposits, lending money, and offering checking and savings accounts to individuals and businesses.
Harold Ickes
An American administrator and politician, known for his service as the Secretary of the Interior under President Franklin D. Roosevelt and his work on the New Deal projects.
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