What is the FDIC and why was it created?

Related questions

1. Do banks pay for FDIC insurance?
2. Is it illegal to keep money in a safe deposit box?
3. What's the most money a bank can insure?
4. How much money can you deposit without paying taxes?
5. Can a bank lose your money?
6. Does the Federal Deposit Insurance Corporation still exist today?
7. How much money do banks protect?
8. How many banks failed in 2018?
9. Is FDIC really safe?
10. Is a million dollars a lot of money?

Tags

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4. #corporation
5. #authority
6. #government
7. #created
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12. #insurance
13. #deposit
14. #failure
15. #under
16. #responsibility
17. #regulate
18. #banks
19. #steagall
20. #glass
21. #insure
22. #deposits
23. #against