Answer:
The US Banking Act of 1933, is the law that seperated investment and retail banking
Explanation:
The act refers to 4 provisions set in place to manage investment and retail banking those 4 are:
- dealing in non-governmental securities for customers,
- investing in non-investment grade securities for themselves,
- underwriting or distributing non-governmental securities,
- affiliating (or sharing employees) with companies involved in such activities
It was repealed in by President Clinton with the Financial Services Modernization Act of 1999
Answer: The Democratic Republican Party and the Federalists
Explanation:
The Federalists wanted a strong federal government whereas the DRP defended states' rights.
They disagreed on central banking, Hamilton(Federalist) wanted to have a federal entity to control the issuing of money(a central bank) which Jefferson(DRP) strongly opposed since the power of the bankers to control monetary creation would endanger individual liberties.
They disagreed on their interpretation of the Constitution, someone like Marshall (Chief Justice of the USA, 1800-1835) defended a loose interpretation of the Constitution whereas Jefferson stood for a strict interpretation of the Constitution.
<span>all thirteen states had to approve and Rhode Island voted no </span>
WWII started on September 1, 1939 when Germany invaded Poland.
