What was the purpose of the Federal Depositor's Insurance Corporation? to regulate the stock market and prevent fraud to gain consumer confidence se in the banks He used deficit spending. total control of the federal government by th executive branch

Question

What was the purpose of the Federal Depositor's Insurance Corporation? to regulate the stock market and prevent fraud to gain consumer confidence se in the banks He used deficit spending. total control of the federal government by th executive branch

Answer 1

The purpose of the Federal Depositor's Insurance Corporation was to gain consumer confidence in the banks.

Answer 2

## Step 1The Federal Depositor's Insurance Corporation (FDIC) was established in 1933 during the Great Depression. This was a time when many banks were failing, leading to a loss of confidence in the banking system.## Step 2The primary purpose of the FDIC was to provide stability and public confidence in the nation's banking system. This was achieved by insuring deposits, examining, and supervising financial institutions.## Step 3The FDIC's role was not to regulate the stock market or prevent fraud, nor was it to gain consumer confidence in the banks. It was also not about deficit spending or total control of the federal government by the executive branch.## Step 4The FDIC's main focus was on the stability and public confidence in the nation's banking system. It did this by insuring deposits, examining, and supervising financial institutions.

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What was the purpose of the Federal Depositor's Insurance Corporation? to regulate the stock market and prevent fraud to gain consumer confidence se in the banks He used deficit spending. total control of the federal government by th executive branch

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