What was the purpose of the Glass-Steagall Act of 1933?
A) launching the Food Stamp Pan
B) establish unions
C) end child labor
D) regulation of banks

Question

Quizplus · Accepted Answer

The Glass-Steagall Act of 1933 was created to regulate banks and prevent commercial banks from engaging in investment banking activities, thus providing a safeguard against risky speculation and reducing the likelihood of another financial crisis like the Great Depression.

What Was the Purpose of the Glass-Steagall Act of 1933