16 Jun 1933 Jahr - Glass-Steagall Act

Beschreibung:

The Glass-Steagall Act, passed in 1933, was a key piece of legislation during the New Deal era that introduced major reforms to the banking industry, most notably by separating commercial banking from investment banking. This separation was intended to reduce the risk of financial speculation by banks, establish the Federal Deposit Insurance Corporation (FDIC) to protect bank depositors, and restore public confidence in the banking system after the collapses of the Great Depression.