by matthew

Glass-Steagall Act

327438 — 2016-01-12 16:48:03 UTC

327438 — 2016-01-12 17:02:09 UTC

This act was passed on as a emergency act to try to counter the failure of about almost 5000 banks during the great depresion.

327438 — 2016-01-13 16:31:07 UTC

327438 — 2016-01-13 16:31:41 UTC

The Glass-Steagall Act , also known as the Banking Act of 1933 it was passed by Congress in 1933 and prohibits commercial banks from engaging in the investment business.

327438 — 2016-01-13 16:33:22 UTC

327438 — 2016-01-13 16:42:46 UTC

This act was not totally successful but it had good intentions on trtying to

327438 — 2016-01-13 16:44:58 UTC

The act was succesfull and helped

327438 — 2016-01-13 16:49:27 UTC

327438 — 2016-01-13 16:49:33 UTC

The Act helped prevent fraud which made it successful. It also helped banks keep the secuirity.

327438 — 2016-01-13 16:54:14 UTC

The Federal Deposit Insurance Corporation, also known as the FDIC, provided federal insurance for individual bank accounts , reassuring millions of banks to act cautiously with customer's money. It wanted to insured institutions to be safe in banks. It also prohibited commercial banks from participating in theinvestment banking business.

327438 — 2016-01-13 17:00:52 UTC