Encyclopedia > Glass Steagal Act

Article Content

Glass-Steagal Act

Redirected from Glass Steagal Act

The Glass-Steagal Act of 1933 separated commercial and merchant investment banking. It was an outgrowth of the bank runs[?] and failures of the Great Depression. It remained on the books until the Financial Services Modernization Act of 1998 was passed.

All Wikipedia text is available under the terms of the GNU Free Documentation License

Search Encyclopedia

Search over one million articles, find something about almost anything!

Featured Article

KANU

... electoral commission confirmed that the opposition National Rainbow Coalition (NARC) had won landslide victories over the ruling KANU party, ending 40 years of single ...