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.

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.

New Deal Sentator