Glass Steagall Act
passed in 1933
Glass Steagall Act
1. It was intended to help failing banks during the great depression.
2. Intended to prohibit commercial banks from participating in the investment banking business.
3. It fell under the reform program of Roosevelt's New Deal after the banking crisis was resolved, Roosevelt encouraged Americans to redeposit their money in the new bank.
4. We think it is very successful because the act forced a separation of commercial and investment banks by preventing commercial banks from underwriting securities, with the exception of U.S. treasury and federal agency securities
5. This program adds to our understanding with the reasons given for what the act did, there was great reason for it.
6. Yes, the Glass Steagall Act does still exist today its very much the same, not much was changed although did create a organization called FDIC (Federal Deposit Insurance Corporation).
Tax Payers
FDIC
Comic
Newspaper
Explanation
Tree house bank representation
Glass Steagall Act Video explantion
To end conflict they have to separate investment and commercial banks.