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mbma526

  • one year ago

When was the Federal Deposit Insurance Corporation and the Tennessee Valley Authority implemented?

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  1. DarrenMadx
    • one year ago
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    Congress established the FDIC during the Great Depression to insure bank deposits and promote financial stability by reducing the likelihood of bank runs such as those that distressed the banking system during the Depression. so i would say somewhere around the end of WW1, but i'm not entirely sure about the exact year. Did your question come with choices?

  2. mbma526
    • one year ago
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    No it did not i am sorry @DarrenMadx

  3. DarrenMadx
    • one year ago
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    its cool. i'll figurer it out for you. just give me a minute

  4. DarrenMadx
    • one year ago
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    oh and about the other one. The Tennessee Valley Authority, or TVA, is a federally owned corporation in the United States created by congressional charter in May 1933 to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development in the Tennessee Valley, a region particularly affected by the Great Depression. The enterprise was a result of the efforts of Senator George W. Norris of Nebraska. TVA was envisioned not only as a provider, but also as a regional economic development agency that would use federal experts and electricity to rapidly modernize the region's economy and society.

  5. DarrenMadx
    • one year ago
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    Banking Act of 1933 created both. so the year is 1933 @mbma526

  6. mbma526
    • one year ago
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    Thank you So much so the year is 1933 for both right @DarrenMadx

  7. DarrenMadx
    • one year ago
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    yes. sorry it took me awhile to find it. but 1933 is the right answer

  8. mbma526
    • one year ago
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    Thank you for all of your help

  9. DarrenMadx
    • one year ago
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    your welcome

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