A series of bank runs occurred during the Great Depression—in fact, many say this prolonged the financial crisis into a decade-long ordeal. During the Roaring 20s, banks made it easy for ...

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 Great Depression resulted from a multitude of ... the Federal Deposit Insurance Corporation (FDIC) to reduce bank runs and restore trust in the banking system. When Franklin D.

Known as the Great Depression, this economic crisis was noteworthy ... were intended for sleeping or jumping. Banks experienced runs as customers withdrew their deposits—but without reserve ...

Congress established the FDIC in 1933 in response to the staggering number of bank failures during the Great Depression ... It's also government-run, and it also provides $250,000 coverage ...