Eli5 what protects us from having another great depression? Is it even possible for us to get there or are their measures in place to stop that ?
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There are protections in place now to prevent another Great Depression. Once of the biggest issues of the depression is that when the market crashed the banks lost all their money and couldn’t give people their money. The FDIC sign you see at any bank means that the federal government is assuring you that they will cover up to I believe up to 250K in deposits per account if the bank goes out of business.
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