Seeing Shades of the 1930s

(Daniel Gross NEWSWEEK) - ... The New Deal left behind plenty of important landmarks, from the Appalachian Trail to Hoover Dam. But its financial infrastructure has proved just as important.
The Banking Act of 1933 created the Federal Deposit Insurance Corporation and forced member banks to submit to regulation. The Securities and Exchange Act (1934) brought forth a body to oversee the nation's stock exchanges. Later in the decade, Fannie Mae was established to revive the dormant mortgage market. Continued

Photo: Bank Run 1904, Library of Congress