How did the creation of the federal deposit insurance corporation (fdic) end the banking crisis? by fining failed banks $5,000 per account by giving $5,000 to each unemployed worker by limiting bank deposits to $5,000 by insuring bank deposits up to $5,000

By insuring bank deposits up to $5,000.

The FDIC was a part of the New Deal programs of legislation during the presidency of Franklin Delano Roosevelt (FDR).  FDR signed the measure into law in June, 1933.  The program went into effect as of January 1, 1934.  Banks soon learned they needed to enroll in FDIC or customers wouldn't come to their banks.

African americans at the time just came out of slavery and needed money to provide for there families. so they joined for the money mainly.