To prevent future financial crises like the stock market crash of 1929, in the 1930s Congress:

Question

Quizplus · Accepted Answer

The Glass-Steagall Banking Act, also known as the Banking Act of 1933, established the Federal Deposit Insurance Corporation (FDIC) and separated commercial and investment banking. This was done to prevent banks from making risky investments with their depositors' money, which was a contributing factor to the stock market crash of 1929. The other options, Bubble Act and Hastings Banking Act, are not relevant to the prevention of financial crises in the 1930s. The Congressional Budget Office was not formed until 1974 and is not directly related to preventing financial crises.

To Prevent Future Financial Crises Like the Stock Market Crash