1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elina [12.6K]
3 years ago
6

Why have some states placed restrictions on intrastate and interstate branches? What historical laws gave this right to states?

What law changed these restrictions?
Law
1 answer:
BigorU [14]3 years ago
6 0

Answer:

The wave of bank failures in the 1920s threatened to undermine political support for banks. Eight states located in the east and south allowed the opening of branches without restrictions. Another 13 states allowed the opening of branches with strong restrictions to protect competition from bankers in rural areas.

Explanation:

The Grass-Steagall Act of 1933 was used to support unit banks and preserve their income by isolating them from competition. This law was designed to hinder the chains and groups of unit banks to organize themselves in a farm. This law discouraged bank consolidation by limiting operations when subscribing securities by banks. The ban on paying interest on demand deposits affected banks even more.

The reforms of the 1930s not only managed to limit mortgage loans, but also established certain specific restrictions to attract agricultural interests affected government subsidies.

A major blow to these laws that prohibited the opening of interstate branches came in 1982, when the Bank Holdings Act of 1956 was amended by Congress to allow bankrupt banks to get acquired by any bank holding .

The final blow to the unit banks came in 1994, when Congress reached the Riegle-Neal Law on interstate banking and branch efficiency. With this law, banks have branches both inside and outside the borders.

You might be interested in
Why study crime and criminal justice?
Soloha48 [4]
To learn how crime affects society
5 0
2 years ago
Define electronic media and mass media. <br><br> Political Sceince
lukranit [14]

Electronic Media:

As opposed to static media (printing), which is transmitted to a smaller audience, electronic media is described as material that can be shared on any electronic device and viewed by the general public. Electronic media includes things like television, radio, and the internet.

Selling oneself and other entities, such as businesses, products, and so forth, is one of the many goals that may be achieved by using electronic media. Electronic media is an effective means to communicate with one another, whether via the use of media devices and networks or social media sources like television or the Internet. These are just a handful of the many ways you may use electronic media for good.

Mass Media:

A system of technology known as mass media—which includes radio, television, newspapers, etc.—is utilized as the main method of communication to reach the majority of the general audience.

Impact of globalization

As much as they have advanced in technological and scientific development, humans have also turned to leisure and relaxation. There is no longer any place on Earth that is inaccessible to electronic information sources because to years of globalization and the spread of technology to practically every nook and crevice. Who doesn't possess a computer or a television? But these are all outdated tales. Nowadays, people carry gadgets in their pockets that connect them to the outside world e.g. cell phones.

Concept of Mass Media

Mass media is the means that people bring to their utility in order to communicate with people. It serves as a channel for information. The emergence of mass media makes it possible for us to watch the news or our favorite TV show on our TVs and listen to our favorite RJs on the radio.

Source of Information

Mass media is any source that sends information to public (masses). It can include sources like newspapers, magazines, internet, TV, radio etc. TV and radio are not mass media per se but they become mass media only when they have the connection and they are capable of accessing the media so they are the sources.

Applications of Mass Media

There are diverse applications of mass media in the world today. However, it exists since ages. Back in older times, people used drums to invite the residents of a community where they would gather and then announce the news to them. This is how their mass media would be like. Then gradually when they could write, they would paste the news on the places where majority could read and update others. It became more advanced with the passage of time and today we have internet and social media which is the most advanced form of mass media.

Mass media develops awareness among people regarding social and political issues. It’s also a means to educate, entertain and connect. It has strengthened our modes of accessibility.

Types of Mass Media

There are various types of mass media which are as follows:

  1. Print media- It involves magazines, newspapers and even billboards that we see everywhere around us.
  2. Electronic media- It includes television and radio.
  3. New age media- Mobile phones, computers, Apple TV, Play Stations etc.
4 0
1 year ago
:-<br>sludy<br>Identify the<br>picture and few <br><br>lines on it.<br>few lines​
tatuchka [14]
It doesn’t have any picture attached
3 0
3 years ago
Select all powers that belong to the Executive Branch. Choose 6.
Bas_tet [7]

Answer:

c

Explanation:

7 0
3 years ago
Which cabinet position deals with the weather?
Alex_Xolod [135]

Answer:

The National Weather Service (NWS) is an agency of the United States federal government that is tasked with providing weather forecasts, warnings of hazardous weather, and other weather-related products to organizations and the public for the purposes of protection, safety, and general information.

E

4 0
2 years ago
Other questions:
  • Pls hurry
    10·1 answer
  • Who served three years in reform school for attempted burglary
    11·2 answers
  • Which aspect of U.S. politics is most closely tied to the concept of indirect
    15·2 answers
  • General principles of insurance law​
    7·1 answer
  • A STATES REPRESENTATION IN THE US SENATE IS BASED ON
    5·1 answer
  • What is the goal of any traffic stop by law enforcement?
    14·1 answer
  • What was the brown v stone court case about?
    6·2 answers
  • The process shown in this diagram affected which outcome?
    11·1 answer
  • Rise to a point of order may never interrupt a speaker.<br><br><br> A. True <br> B. False
    8·2 answers
  • Mona had a disability and used a wheelchair. She was often asked to work
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!