Glass-Steagall Banking Reform Act
Made in 1933
Federal Deposit Insurance Corporation (FDIC)
This corporation will be created by our act. The FDIC will insure deposits up to $5,000, which will cause bank failures to end. With the Glass-Steagall Act, the nation will leap into prosperity.
Rushes to the Banks will Never Occur Again!
America's bank worries will greatly decrease!
The Federal Deposit Insurance Corporation will make America such a better and stronger nation!
Even FDR Wants the Glass-Steagall Act!
Look! FDR seems happy about the Act.
Banks Will No Longer Engage in Commercial Business!
This act will prohibit banks from participating in the stock business, which will save American's money and not allow banks to fail again! In addition, this act will allow the government to put together regulation on banks, making American's feel safer and more secure about their money.