Read everything about it here. Similarly, it is asked, how was the 2nd new deal different from the first?
Many historians distinguish between a First New Deal (1933–1934) and a Second New Deal (1935–1936), with the second one more liberal and more controversial. The First New Deal (1933–1934) dealt with the pressing banking crises through the Emergency Banking Act and the 1933 Banking Act.
Also, was the FDIC new deal successful? The most successful policy response to the banking crisis of the 1930s was the creation of the Federal Deposit Insurance Corp., which resulted from an amendment to the Glass-Steagall Banking Act of 1933. Within six months of the creation of the FDIC, 97% of all commercial bank deposits were covered by insurance.
Similarly, what programs were in the Second New Deal?
The most important programs included Social Security, the National Labor Relations Act ("Wagner Act"), the Banking Act of 1935, rural electrification, and breaking up utility holding companies. The Undistributed profits tax was only short-lived.
When was the FDIC created?
June 16, 1933
