Why did fdr create the federal deposit insurance corporation (fdic) and the securities and exchange commission (sec)? l?

The SEC and FDIC were established by the New Deal. These two agencies – the Securities and Exchange Commission and the Federal Deposit Insurance Corporation – had a significant, indirect effect on the nation's farmers. ... This was before the FDIC was enacted. In his early career, FDR had worked for a Wall Street law firm

He created it to back people's money up just in case the economy ever faiiled again.

sir thomas more, venerated in the catholic church as saint thomas more, was an english lawyer, social philosopher, author, statesman, and noted renaissance humanist. he was also a councillor to henry viii, and lord high chancellor of england from october 1529 to 16 may 1532.

is there answer chooses?