The 1930's 1932 Many banks close People begin to take their money out of banks. ... Many more banks fail. ... Federal Credit Union Act of 1935. Creates Federal Credit Unions. 1938 77 FDIC-insured banks fail. 1939 Banks become more profitable. Fewer banks fail. ...

• Word Count: 858
• Approx Pages: 3
• Has Bibliography
• Grade Level: High School

It outlawed hoarding and exporting gold and arranged for the reopening of solvent banks and the reorganization of failed banks under the Treasury Department. ... If a bank failed people would be able to recover their money. ... It gave the government greater control over currency and credit. Banks would be limited to how much they could loan. ... The National Labor Relations Act reaffirmed people's rights to join unions. ...

• Word Count: 929
• Approx Pages: 4
• Grade Level: High School