jan 1, 1933 - 1933’s Glass-Steagall Banking Act-
Description:
A law that prevented banks from using depositors' funds for risky investments, such as the stock market. Thousands of banks closed due to the great depression and when it reopened, the funds of many citizens were taken to the failed stock market. It also separated commercial banking and investments.
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13 lesson 2
aleyah k.
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