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]
4 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]4 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
California has been referred to as "the ungovernable state". Several governors have attempted to effectively govern the state in
Neko [114]

Answer:

Explanation:

The California Republic is a western state of the United State. It shares its border with Mexico along the ocean, Pacific. In 2009, California is declared all over the media and the public as the "ungovernable state". They claimed that the Governors were not able to govern the state properly in conjunction to the legislature and the courts of the state. Decentring is used to remark the governance of the state that the governors have a dominion on the rule and that the directives are happening within the communal factors.

Some of the possible reasons are :

1. Proposition 13 : The effect of the proposition 13, the property tax limit measures that was passed in the year 1978 is the part of damage the initiative did to California.

2.Budget Initiative

3. Gerrymandering

4. Terms limit

5. Two thirds votes of the legislature to pass a budget.

6. Boom and the bust taxation.

5 0
3 years ago
Which of the following adjectives BEST describes an effectual, and true
Alexxandr [17]

Answer:

Constitutionalism is a political movement and philosophy that states that the ruling power is bound to respect certain rights of its subjects. According to modern constitutionalism, the form of government must be based on a constitution.  

Constitutionalism includes both the empowerment and the limitation of power, both granting power and specifying its scope and purpose. Constitutionalism is considered to promote the principles of the rule of law, the principle of predictability, and to prevent arbitrary administration of justice. According to constitutionalism, laws and judgments in countries with common law can be declared invalid because they are contrary to the constitution if it is done in accordance with the principle of transparency, usually by a constitutional court or a court with similar jurisdiction.

6 0
3 years ago
What court case was the irresistible impulse test first used or created for?
Blababa [14]

Answer:

In the case of Parsons v. State, 1887, the Irresistible Impulse Test was first introduced.

Explanation:

The Court of Alabama stated that, although it would have been possible that the defendant had right from wrong, that he had "dismissed the power of choice between right and wrong" and that, "at a time when his free organization was destroyed," and that therefore, the alleged crime was so closely related, in relation to cause and effect, to such a mental disease that it has been the result of.

I hope this was understood very well, and as always, I am joyous to assist anyone at any time. ☺️

3 0
3 years ago
Read 2 more answers
A professor at the University of New Zealand noticed that whenever there were many planes flying directly over the University wh
Agata [3.3K]

The fallacy used by the teacher is called the fallacy of false causality.

<h3>How is this fallacy established?</h3>
  • The fallacy of false chance establishes a relation between two elements.
  • This relationship is false and does not present any type of interaction.

The fallacy of false causality establishes two elements in a cause-and-effect relationship, however, this relationship is false.

This can be seen in the statement made by the professor, where he shows that the passage of planes is responsible for the hot weather. However, the increase in temperature is caused by weather factors that are not influenced by airplanes.

Therefore, there is no cause-and-effect relationship between the planes and the climate of the region, which shows that this statement is incorrect.

Learn more about fallacies:

brainly.com/question/1178948

#SPJ1

4 0
1 year ago
based on its role as outlined in the US Constitution which function is most commonly carried out by the House of representivies
Arturiano [62]
The House is charged with the passage of federal legislation, known as bills; those of which that are also passed by the Senate are sent to the president for consideration. The House also has exclusive powers: it initiates all revenue bills, impeaches federal officers, and elects the president if no candidate receives a majority of votes in the Electoral College.
3 0
2 years ago
Other questions:
  • Outline the process by which most federal judges are nominated and approved
    14·1 answer
  • 1. Which body parts are most protected by the head restraint in a vehicle? A. Head, hands, and neck B. Neck, spine, and torso C.
    5·1 answer
  • _____________ listening requires the listener to make a conscious effort to fully concentrate on the speaker and all components
    9·1 answer
  • Manpreet reserved a room at the Moonlight Motel. At the last minute, her plans changed making it impossible for her to travel. S
    8·1 answer
  • Which of the following is considered a social effect of a crime?
    10·1 answer
  • I hate it<br> its sooodum
    14·2 answers
  • Describe what the chain of command is and its purpose in the investigation.
    11·1 answer
  • Read the following excerpts:
    11·1 answer
  • A particular issue with refugee families is that
    11·1 answer
  • Cyber forensics phases
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!