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.

social contract theory basically says that all individuals are born equal, and provided a god given right to consent to be governed. american government is based of this

thomas hobbes and john locke said that we are selfish, individualistic, and constantly at war with each other, therefore we need to be controlled. 

government is defined as the legitimate use of force to control human behavior within territorial boundaries, here comes in hobbes and locke.

hobbes takes the part about controlling human behavior. while locke takes the part of legitimate use of force, since force is not legitimate unless there is consent of the people. 

there are basically 3 goals of the government: 1) maintain order by protecting life and property. 2) providing public goods, those which are typically not provided by the public sector, such as roads and education. 3) promote equality be it political, opportunist or outcome equality. 

c, because the american revolution was from 1765 to 1783.