The Glass-Steagall Act was set up to:
A)regulate financial institutions after the Savings and Loan Crisis the 1980s.
B)give the federal government the sole responsibility in carrying out fiscal policy to regulate the economy.
C)establish banking regulations and deposit insurance as a result of the 1930s crisis.
D)regulate the derivatives market as a result of the 2008 crisis.

Question

Quizplus · Accepted Answer

The Glass-Steagall Act, passed in 1933, was designed to address the banking failures of the Great Depression by establishing banking regulations and creating the Federal Deposit Insurance Corporation (FDIC) to insure bank deposits.

The Glass-Steagall Act Was Set Up To