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Are Americans Still Affected By The Great Depression Today?

Are Americans Still Affected By The Great Depression Today?. By: Brittany Chapman, Elle Kloewer, and Taylor Wagner. The FDIC. The FDIC (Federal Deposit Insurance Corporation) was created by congress

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Are Americans Still Affected By The Great Depression Today?

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  1. Are Americans Still Affected By The Great Depression Today? By: Brittany Chapman, Elle Kloewer, and Taylor Wagner

  2. The FDIC • The FDIC (Federal Deposit Insurance Corporation) was created by congress • It started after the Great Depression to make sure that the peoples money would be safe if the banks failed again. • It was started after the Glass-Steagall Act in 1933 • Formed June 16, 1933

  3. 6 Values of the FDIC • Integrity • Competence • Teamwork • Effectiveness • Accountability • Fairness

  4. The FDIC • This allows people to be able to put no more than 250,000 in the bank and it will be secure if the banks were to fail again. • If you put more than 250,000 and the banks fail you may not get it back. • This is still around today. • This independent agency prohibited banks from paying interest on checking accounts.

  5. SEC • The SEC • Regulates buying and selling. • Sustain a growing economy that produces jobs, improves living standards. • (strives) protect investors, maintain fair orderly and efficient markets, and facilitate capital formation. • SEC has the power to license and regulate stock exchanges. • SEC was to regulate the stock market and prevent in proper gain of benefit (corporate abuse). • Insider trading (apple)

  6. SEC • Responsibilities: (7 major laws governing security industry) 1. The securities act of 1933 2. The securities exchange act of 1934 3. The trust indenture of 1939 4. The investment company act of 1940 5. The investment advisers act of 1940 6. The Sarbanes-Oxly act of 2002 7. Credit rating agency reform act of 2006

  7. SEC • Stock pool- pool together. • Buying on margin- borrowing. • Stock watering-is an asset with an artificially-inflated value. (Cattle)

  8. Social Security System (1935) • "Federal program of social insurance with benefits." • Roosevelt's New Deal • Benefits Then • Retirement Income • Disability Income • Dependent Children • Unemployment Benefits Now • Retirement • Survivors and death benefits • Disability • Medicare

  9. Welfare • Welfare • British Poor Laws • Migrant workers, people who were committing crimes, elderly, children • Great Depression-grants to groups • 1996 Personal Responsibility and Work Opportunity Reconciliation • present day welfare • need to try to find a job

  10. Additional Affects • Speculation • 2003-2007 • Generation of fear • Obama vs. Roosevelt • trillions vs. billions • Tennessee Valley Authority a. Provides navigation, flood control, electricity generation for a region particularly affected.(Tennessee, Alabama, North Carolina, Mississippi..etc)

  11. Work Cited http://www.fdic.gov/about/mission/index.html http://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission http://www.sec.gov/about/whatwedo.shtml#org http://www.investopedia.com/terms/s/socialsecurity.asp#axzz2HaNwP8nV http://www.welfareinfo.org/history/ http://en.wikipedia.org/wiki/Great_Depression

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