FDIC and FDR's background

FDIC:

created by the glass-steagall act in 1933
US government corporation that insures people's deposits just in case a bank cannot back up the money (like they couldn't during the Great Depression)
Since the start of FDIC insurance on January 1, 1934, no depositor has lost any insured funds as a result of a failure.
Insurance limits:

1934 - $2,500

1935 - $5,000

1950 - $10,000

1966 - $15,000

1969 - $20,000

1974 - $40,000

1980 - $100,000

2008 - $250,000

The temporary increase in 2008 of the insurance limit to $250,000 was made permanent in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The FDIC insures deposits at 7,723 (as of 11/18/2010) institutions. The FDIC also examines and supervises certain financial institutions for safety and soundness, performs certain consumer-protection functions, and manages banks in receiverships (failed banks).

FDR's Background:

born on January 30, 1882 in the Hudson Valley town of Hyde Park, New York
father- James Roosevelt (54 when Franklin was born)
mother- Sara Ann Delano
many trips to Europe- learned to speak French and German
learned to ride, shoot, and row
played polo, lawn tennis, and golf
became paralyzed
designed a golf course for disabled people
went to Groton school were a professor taught him the importance for Christians to help out the less fortunate
attended Harvard College
in 1908 took a job at the Wall Street firm of Carter Ledyard & Milburn
march 17 1905- married eleanor
had six kids- one died before the age of 1
Franklin had a few affairs and it put a strain on his marriage- Eleanor offered him a divorce so he could be with the woman he loved.. they're relationship became political

Sources:

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