2-35 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 banks from investment banks in order to prevent conflicts of interest, reduce the risk of bank failures, and protect consumers. The act also established the Federal Deposit Insurance Corporation (FDIC) to insure deposits in commercial banks.

2-35 the Primary Objective of the 1933 Glass-Steagall Act Was