Glass-Steagall Act separates banking
Citations (1)
- Lords of Finance whole source · open book
The Glass-Steagall Act, also passed in the middle of June, divorced commercial and investment banking and guaranteed bank deposits up to a maximum of $2,500, while the Truth-in-Securities Act established disclosure provisions to govern the issue of new securities.
chapter: 21. GOLD STANDARD ON THE BOOZE - 1933