A. Federal Deposit Insurance Corporation Developed
Regulations came for banks and stock markets
FDIC started insuring individual's deposits in banks
Regulated banks to prevent lending margins from stock investors
The Great Depression: A Time of Struggle, Survival, and Reform
During the history of the stock market in the United States, there have been many days in which the market declined numerous points. This is referred to as a market crash. One is called "Black Thursday," which marked the beginning of the Great Depressions.
It was decades ago, when the roaring twenties came to a booming halt on October 24, 1929, as the stock market crashed. It is called Black Thursday because it was the first day of panic and the start of the Great Depression. Investors tried to sell stock as fast as possible on this day. Within the first twenty days of the crash, the value of stock held by investors in the United States fell thirty billion dollars.
During the Great Depression, production and sale of goods rapidly declined. Employment numbers dropped drastically. Many banks and businesses were forced to close their doors. Not only were jobs and savings lost for many people, but also their homes and farms. Thousands depended upon charity to survive. During the worst part of the depression more than fifteen million people were unemployed. …
