How did the creation of the federal deposit insurance corporation change the nature of banking in the united states

Federal Deposit Insurance Corporation (FDIC) was established after the collapse of many American banks during the early years of the Great Depression. It was created under authority of the Banking Act of 1933  with the responsibility to insure bank deposits in eligible banks against loss in the event of a bank failure and to regulate certain banking practices. So that, it restored trust in the American banking system.

to insure bank deposits in eligible banks against loss in the event of a bank failure and to regulate certain banking practices. So that, it restored trust in the American banking system

Explanation:

americans had many intangible advantages. well since the british fought a war far from home military orders, troops, and supplies sometimes took months to reach their destinations, and the british had an extremely difficult objective. they had to persuade the americans to give up their claims of independence, americans had a grand cause: fighting for their rights, their independence and their liberty. this cause is much more just than waging a war to deny independence.