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Furkat [3]
3 years ago
5

What did the Glass-Steagall Act of 1933 and the Federal Securities Act have in common?

History
1 answer:
zalisa [80]3 years ago
3 0

The Glass-Steagall Act of 1933 and the Federal Securities Act have in common is "they both regulated banking and finance".

<u>Answer:</u> Option A

<u>Explanation:</u>

The Glass Steagall Acts formally separated banking made on commercial from investment type. On June 16, 1933, it founded the Federal Deposits Insurance Corporations. It was one in the most discussed policies before President Franklin D. legally signed it.

The Federal Deposits Insurance Corporations was also proposed by banking acts, 1933. The Banking Act was the first federal law regulating the stock market. It has bank deposits insurance and supports to prevent a new recession. Glass-Steagall has helped reduce costs to ensure government security.

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  • <em>It helped provide an answer for the question of creation.</em> Before science was advanced enough to provide answers about the universe, myths of creation were the most accepted answers to the question of why humans exist. These answers, even if inaccurate, provided relief to people, and an explanation for catastrophes and tragedies. They served as coping mechanisms that allowed them to live their lives happily.
  • <em>It implemented rituals.</em> Rituals involve acts, events, orders and objects that are relevant to a particular religion. Rituals are important to human life because they provide social control. They also provide a way for human beings to interact profoundly with other members of their community.
  • <em>It provided a </em><em>moral code</em><em>. </em>Myths and religions often provide stories of gods or humans that engaged in immoral behaviour, and suffered because of it. They also highlight the accomplishments of heroes or saints. This provided moral guidance for societies, and enabled them to live in relative harmony.
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