Amajor purpose of the fdic (federal deposit insurance corporation) during the 1930s was to a) limit government borrowing. b) break up banking monopolies. c) create jobs for the unemployed. d) strengthen consumer confidence in the banking system

D) strengthen consumer confidence in the banking system

In the early 1930s, almost a third of American banks had collapsed and failed, and American consumers had lost trust in the banking system. As a response to this, Roosevelt's administration created the 1933 Banking Act, which formed the FDIC, with the purpose to provide stability to the U.S.'s economy. The corporation regulated some banking practices and insured bank deposits in certain banks, in case that a bank failed.

he believed that congress would be better not dealing with "lobbyists", or people who seek to influence (a politician or public official) on an issue, since historically, they had problems with these kinds of people. he thought lobbying produces benefits, but should be carefully monitored.

reread your text and you will find the answer. stay focused ignore all your distractions.

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