7
QuizMultiple Choice

American Life in the Great Depression — Unit test

Question 7 • AVAHS 26-27 CCPS SS US History Gr 11 (45.0810000) YL IC (Fall)

New Deal regulation of the banking industry resulted in the creation of

Answer
A
the National Recovery Administration.
B
the Civilian Conservation Corps.
C
the Public Works Administration.
D
the Federal Deposit Insurance Corporation.

Explanation

Banking regulation under the New Deal included the Banking Act of 1933, which created the Federal Deposit Insurance Corporation (FDIC). The FDIC insures bank deposits, helping protect customers if a bank fails. The National Recovery Administration, Civilian Conservation Corps, and Public Works Administration were New Deal agencies, but they did not regulate bank deposits.

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