Assigned Blog 3

The two topics i have been assigned are the Federal Deposit Insurance Corporation and Franklin Roosevelt's background. Below is a little bit of information on both topics.FDIC

The Federal Deposit Insurance Corporation is a deposit corporation that guarantees the safety of one's money in member banks. It was originated by the Glass-Steagall Act of 1933 and is a U.S. government corporation. It also helps protect particular consumer functions, manages failed banks, and observes particular companies for safety. "Insured companies are required to place signs at their place of business stating that deposits are backed by the full faith and credit of the United States." The standard insurance amount for each depositer was $250,000.

Franklin D. Roosevelt was the 32nd United States president and was elected in 1932 in a time of Great Depression. He is the ONLY president that has been elected to more than two terms, he was elected to four terms. He did such remarkable things like establish the New Deal and lead the U.S. through almost all of World War II. His goals for this system are often referred to as the 3 R's. Relief, Reform, and Recovery. Relief for the unemployed and badly hurt farmers, Reform of business and financial practices, and Recovery of the economy during the Great Depression.Sources: http://en.wikipedia.org/wiki/Franklin_D._Roosevelthttp://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation
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  • I didnt wanna say to much about it because im doing the project on it so ya.....
  • Personal thoughts/reflections?
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