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aug 20, 1933 - Glass-Steagall Banking Act enacted

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The purpose of this banking act was passed in order to prohibit commercial banks engaging in investment businesses. This helped regulate over 5,000 banks that had been closed for a period of 4 days.

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ByAlexis Romero binuelo
9 Feb 2018
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aug 20, 1933
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~ 92 years ago
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