Glass steagall act in economics and finance

2K views Feb 2, 2024

Hello everyone, and welcome to today's lesson. We're going to explore the Glass-Steagall Act, a cornerstone of economic and financial regulation. Enacted in 1933, this legislation was a direct response to the Great Depression, aiming to prevent a recurrence of such a catastrophic event. At its core, the Glass-Steagall Act sought to establish a clear separation between commercial banking and investment banking activities.

#Banking
#Business Finance
#Debit & Checking Services
#Economics
#Investing
#Investment Banking
#Law & Government