What accounted for the tremendous rise in the profits of the American financial industry,from less than 10 percent of total business profits in the 1950s to more than 40 percent in the 1990s?

Question

Quizplus · Accepted Answer

Financial deregulation allowed financial institutions to engage in a wider range of activities, increasing their profitability significantly.

What Accounted for the Tremendous Rise in the Profits of the American