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What steps did were taken by the Federal Government to regulate the banking industry?
Wiki User
∙ 10y ago
the federal gov did not take any steps they took leaps. they gave money to people who needed it.
Wiki User
∙ 10y ago
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What new federal agencies increased the government's power to regulate the economy?
The new federal agencies that increased the government's power to regulate the economy is the federal banking system. This has made it possible to monitor and control the economy of the country.
What two important precedents were established for the federal government in the US?
The two important precedents that were established for the federal government in the U.S. was a strong central government and a National Banking System
Why is the federal government responsible for money and banking?
If the federal government wasn't in charge it would be a mess. That would mean there would 50 different kinds money and no rules on banks. It falls to the federal government to make sure the money is good for the United States and overseas.
In an effort to assert government control over the nations banking sytem Wilson and progressive members of congress?
created the federal reserve system
Why was there conflict over the powers available to the state and federal banks?
The debates over a Federal bank arose from the tension between the idea that states should control most policy, under the principles of states' rights, and the idea that since banking crosses state borders, the federal (national) government has an interest in banking (the Interstate Commerce Clause).
What is the job of ben bernanke?
Chairman of the Federal Reserve. They are mandated to regulate the banking industry and serve as general stewards of the US economy.
What is very strict organization that regulates the banking industry?
There are many organizations across the globe that regulate the banking industry. Each country has one. For ex: Reserve Bank of India in India, the Federal Reserve in USA, etc. every country that has banks usually has one such organization to regulate it.
What new federal agencies increased the government's power to regulate the economy?
The new federal agencies that increased the government's power to regulate the economy is the federal banking system. This has made it possible to monitor and control the economy of the country.
What requirement to get ATM?
In order to get an ATM, you will have to acquire enough capital to open a bank. Upon doing so, you will have to be granted a charter by your local state government and pass certain banking requirements by several Federal government commissions designed to regulate the banking industry. With that in mind, best of luck in your endeavor, good sir!
What industry did the federal act mainly affect?
The Federal Reserve Act mainly affected the banking industry.
What industry does banking come under?
Banking falls under the financial industry. The Federal Reserve is the central banking system of the US. Each state has its own Department of Financial Institutions, which oversees the banking industry.
Why do the government regulate the banking system?
Regulations are important to monitor the credit
How does the French government deal with the banking industry?
tendency to interfere with the banking industry if prospective acquisitions appeared to threaten jobs.
What industry did the federal reserve act mainly affect-?
The Federal Reserve Act mainly affected the banking industry.
What agencies supervise banking systems and regulate the money supply?
Board of governors, federal reserve system
Which of these is a very strict organization that regulates the banking industry?
Federal Reserve Bank
What organization is a very strict that regulates the banking industry?
federal reserve bank;)
