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

1 answer:

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

Answer: Option A

Explanation:

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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