As late as the year 1900, most industrial workers in the United States still worked a 10-hour day (12 hours in the steel industry), yet earned from 20% to 40% less than the minimum deemed necessary for a decent life. However, harsh working conditions were prevalent long before the Industrial Revolution took place.uring the Industrial Revolution, the life expectancy of children increased dramatically. The percentage of the children born in London who died before the age of five decreased from 74.5% in 1730â1749 to 31.8% in 1810â1829.
What is Protected By the FDIC. In general, most deposit accounts are protected by the FDIC. Checking accounts, savings accounts and CDs are generally protected. Interest bearing deposit accounts are protected in the amount of at least $250,000. It is important to note that this $250,000 is an aggregate amount for each bank; all of your accounts at a single bank are added together to get this amount.
Google Wallet funds are now FDIC insured, says report. If you happen to keep money in your Google Wallet account, your cash is now protected. According to a statement provided to Yahoo Finance, Google is now storing Wallet funds in banks insured by the FDIC (Federal Deposit Insurance Corporation). That means if Google (or one of the banks that it keeps your funds in) goes under, the US federal government will have your back. Services like Google Wallet typically are not FDIC insured. The federal system, designed during the Great Depression, is made to protect up to $250,000 of savings and deposits at banks. It was designed to instill confidence in the banking system and encourage the American public to store their savings in banks.