The Federal Deposit Insurance Corporation (FDIC) was created as part of the New Deal following the Great Depression. as part of FDR's New Deal Programs that encompassed his strategies of Relief, Recovery and Reform to combat the … thebalance.comImage: thebalance.comThe Banking Act of 1933 was part of FDR’s New Deal New Deal. New Deal, domestic program of the administration of U.S. Pres. Federal Deposit Insurance Corporation (FDIC) … New Deal Programs • Federal Deposit Insurance Corporation • FDIC • Purpose: provide gov’t insurance to bank depositors • Target Group: depositors New Deal Programs • Federal Emergency Relief Fund • FERA • Purpose: fund state and local agency relief projects • Target Group: unemployed workers The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1936. After FDR had launched the first New Deal, the economy grew 10.8% in 1934. The FDIC was esablished as part of the Banking Act of 1933 under Franklin D. Roosevelt's New Deal. The New Deal worked. While most New Deal programs ended as the U.S. entered World War II, … FDIC is an abbreviation for Federal Deposit Insurance Corporation. Why the New Deal Was a Success . Purpose - to protect bank depositors and the banking system 1. FDR's New Deal was a series of federal programs launched to reverse the nation's decline. Federal Deposit Insurance Corporation (FDIC) Franklin D Roosevelt was the 32nd American President who served in office from March 4, 1933 to April 12, 1945. Seperated Commercial from Investment Banking federal regulation to insure that banks do not use deposits for speculative investments (repealed in 1999) 2. Banking Act of 1933: One of the major pieces of legislation that impacted the U.S. as part of the New Deal was the Banking Act of 1933. One of the important events during his presidency was the establishment of the Federal Deposit Insurance Corporation. Franklin D. Roosevelt between 1933 and 1939, which took action to bring about immediate economic relief as well as reforms in industry, agriculture, finance, waterpower, labour, and housing, vastly increasing the scope of the federal government’s activities. New Deal programs put people back to work, helped banks rebuild their capital, and restored the country's economic health.   When the second New Deal rolled out, the economy increased by 8.9% in 1935 and 12.9% in 1936. Several New Deal programs remain active with some still operating under the original names, including the: Federal Deposit Insurance Corporation (FDIC), the Federal Housing Administration (FHA), and the Tennessee Valley Authority (TVA). Question: What did the FDIC do in the New Deal? After FDR cut government spending in 1937, the economy contracted 3.3%. 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