Friday, June 16, 1933

Washed some more woodwork today but didn't quite finish. Swept floors. Washed front room windows.

The Banking Act of 1933, enacted June 16, 1933, was a law that established the
Federal Deposit Insurance Corporation (FDIC) to insure bank deposits in the
United States. It also introduced other banking reforms. The act was a reaction to the
collapse of a large portion of the American commercial banking system in early 1933.
It is most commonly known as the Glass–Steagall Act, after its legislative sponsors,
 Senator Carter Glass (D-VA) and Congressman Henry B. Steagall (D-AL).