The primary objective of the 1933 Glass-Steagall Act was to prevent commercial banks from competing directly with commercial insurance companies.

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The primary objective of the 1933 Glass-Steagall Act was to separate commercial banking from investment banking to protect depositors' money from being used for risky investment activities. It also prohibited banks from engaging in securities activities like underwriting and dealing. The Act did not directly address competition between commercial banks and insurance companies.

The Primary Objective of the 1933 Glass-Steagall Act Was to Prevent