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It made it that the US government had direct control over territories.
The FDIC is an independent agency created by Congress. Technically speaking, no branch has direct control over the FDIC because of its independent status. It is governed by a 5 member Board of Governors, who are not answerable to any government officials. They are appointed by the President, subject to confirmation by the Senate, but the President has no direct control over operations of the FDIC the way the President has control over the Departments of Treasury, War or State or any of their agencies.
During the Age of Discovery (or, Exploration) in the 15th to 18th centuries, it was Spain that, more than any other European colonizing nation, sought (and achieved) direct control over Native Americans who ended up laboring in mines or in fields controlled by Spanish authorities. This control was the direct result of several factors, with perhaps the most important being the remarkable richness of Central and South American in respect to resources most valued during this age.
Three reforms that gave the American peoople more direct control of the government were the Penalton act which established the civil service comision, the 17th Amendment which allows people to elect their own senators, and the Oregon system which was also used in other states which set up initiativs referendums and recall.