Final answer:
The FDIC, part of the New Deal, insured bank deposits to prevent consumer losses, promoting confidence in the banking system after the Great Depression.
Explanation:
Federal Deposit Insurance Corporation (FDIC) was a key New Deal program that insured money in banks, ensuring consumers did not lose their savings. This measure aimed to restore confidence in the banking system after the Great Depression.
Deposit insurance provided by the FDIC continues to exist today, guaranteeing individual bank deposits and preventing depositor losses in the event of bank failures.
President Franklin D. Roosevelt's New Deal programs, including the creation of the FDIC, aimed to stabilize the economy, protect depositors, and avoid future financial crises.
Learn more about Federal Deposit Insurance Corporation (FDIC) here:
https://brainly.com/question/30711963
