jun 1, 1933 - Banking Act of 1933

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Guarantee of Safe Deposit of Money in Bank (Finance #5): The Banking Act of 1933, also known as the Glass-Steagall Act, effectively separated commerical banking from investment banking and created the Federal deposit Insurance Corporation (FDIC), among other things. This was one of the most widely debated legislative initiatives before being signed into law by President Franklin D. Roosevelt in 1933

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