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The FDIC made it possible for the American Public to have trust that they wouldn't lose there money if it was deposited in the bank and there was a recession or a Stock Market crash. The money in the bank accounts they have are insured by the United States Federal Government for up to $100,000.00 per account. That made it possible for the banks to make loans from the money that depositors had in the bank, instead of keeping money on hand and allowed America to grow and create new business'.

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Q: What effect did the FDIC have on America?
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