Federal Deposit Insurance Corporation (FDIC)
Acorporation created as a result of the 1933 Glass-Steagall Banking Reform Actto protect
individual savings accounts. The FDIC eliminated fly-by-night banks that had plagued the South
and West for over a century and restored public confidence in the banking system. The FDIC was
one of the main New Deal programs designed to reform the financial sector of the economy.
Glass-Steagall Banking Reform Act
An act passed in 1933 to bar U.S. banks from underwriting stocks and bonds. The act also
created the Federal Deposit Insurance Corporation (FDIC). Unlike theEmergency Banking
Relief Act, the Glass-SteagallAct was aimed at providing long-term reform.
Freedom of speech, freedom of worship, freedom from want, and freedom from fear.
Isolationism�the 1930s version of Americans� long-standing desire to avoid foreign
entanglements�dominated Congress. Beginning in 1935, lawmakers passed a series of
NeutralityActs that banned travel on belligerents� ships and the sale of arms to countries at
lawmakers passed a series of NeutralityActs that banned travel on belligerents� ships and the
sale of arms to countries at war.
Meeting of Franklin D. Roosevelt, Winston Churchill, and Joseph Stalin at a Crimean resort to
discuss the postwar world on February 4�11, 1945; Joseph Stalin claimed large areas in eastern
Europe for Soviet domination.
The EspionageAct of 1917 prohibited not only spying and interfering with the draft but also
�false statements� that might impede military success. Dawes Plan
The Dawes Plan called for privateAmerican banks to loan Germany the money to pay off the
billions of dollars in reparations owed to France and Britain. The English and French would then
use the money to pay off war debts owed to the U.S. government. The scheme worked until
the Crash of 1929 , when American banks no longer wanted to loan Germany money.
The period immediately after the Russian Revolution of 1917 in whichAmericans feared that a