25 points!! During President Roosevelt’s term in office, he introduced various New Deal agencies and programs. Two of these were the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC). The FDIC protects up to $250,000 of individuals’ bank deposits in the event a bank fails. The SEC monitors Wall Street to ensure fair and ethical practices for investors.

In one paragraph, describe how the FDIC and SEC continue to affect the lives of US citizens. Use at least two examples to support your description.

Given that the FDIC is in charge of protecting the money in a bank in case that such bank goes info bankrupt, and that the SEC is a part of the USA government that protects the stock market and its movements, it can be assumed that this agencies are in charge of protecting the money and investments of the citizens. For example, the FDIC is allowed to protect and return up to $250.000 in case that someone is about to lose their money because the bank will go bankrupt. The SEC is the commission that will regulate any unusual behavior in the stock market that could result into a financial crisis

Explanation:

HOPE THIS HELP!:D