answersLogoWhite

0

The Glass-Steagall Act, enacted in 1933, primarily aimed to separate commercial banking from investment banking to reduce risks and conflicts of interest in the financial system. Its most closely related legislation is the Gramm-Leach-Bliley Act of 1999, which effectively repealed key provisions of Glass-Steagall, allowing banks to re-enter investment banking and insurance activities. This repeal contributed to the financial practices that led to the 2008 financial crisis, highlighting the ongoing debate about the regulation of financial institutions.

User Avatar

AnswerBot

2w ago

What else can I help you with?

Related Questions

Which theme was the gramm rudman act most closely related to?

Economics


Who most closely related to labor unions in America?

Taft-Harley Act A+


The No Child Left Behind Act (NCLB) of 2001 is most closely related to which of these themes?

culture


What theme is The No Child Left Behind Act of 2001 is most closely related to?

You forgot to list the themes.


Why do men act like boys?

They are closely related.


What act is closely related to the Glass-Steagall Act?

Federal Deposit Insurance Corporation


Which is closely related to department of defense?

National Security Act (A Plus)


What legislation is this poster MOST closely related to?

To accurately identify the legislation the poster is most closely related to, I would need to see the content or context of the poster itself. Typically, posters can reference various laws, such as the Civil Rights Act, the Affordable Care Act, or environmental regulations, depending on their message or theme. Please provide more details about the poster for a precise answer.


Which statement is most closely related to the National Origins Act?

The total number of immigrants coming to America could not exceed 150,000 in any year.


What is the difference between a declaration and an act?

an act is written by the government and a declaration is written by people. other than that they are closely related. if you don't follow an act it is punishable but with a declaration your fine


The Patient Self-Determination Act is most closely relevant to what?

Advance Directives


What government action is most closely associated with the efforts of muckrakers?

passage of the meat inpection act