FDIC insurance is backed by the full faith and credit of the U.S. government and guarantees bank consumers that their money ...

How the FDIC works When the Great Depression started in 1929, people approached the banks en masse to get their money back. This so-called bank run created a shortage of cash, and the banks were ...

The Federal Deposit Insurance Corporation was born during the depths of the Great Depression, a means of shoring up banks when banks were routinely failing and erasing the wealth of Americans.

Congress established the FDIC in 1933 in response to the staggering number of bank failures during the Great Depression. Today, the FDIC insures more than 4,500 financial institutions and helps ...

It is important to understand how the FDIC has proven itself critical ... hoping to get their money out of banks during the Depression in the 1930s and the Great Recession in 2008.

After all, the FDIC was created during the Great Depression, a time of great turmoil, when thousands of banks failed, and ever since its formation, the FDIC has ensured that not a penny of insured ...