Explain the significance of the Glass-Steagall Act and the FDIC

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asked Oct 4, 2021 61.5k views

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Stephen Terry · Answer 1 · 2021-10-09T02:30:16+0000

Step-by-step explanation:

The FDIC was created by the 1933 Glass-Steagall Act. its goal was to prevent bank failures during the great depression. after the stock market crashed in 1929, customers rushed to their banks to withdraw their deposits.

Explain the significance of the Glass-Steagall Act and the FDIC

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