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The 1933 Glass-Steagall Act separated investment banking from retail banking. After their separation, the retail banks got the prohibition to use depositors´ funds for risky investments. Retail banks accepted deposits, managed checking accounts, and issued loans. Investment banks organized the primary sales of stocks, what economists call initial public offering. The law granted power to the Federal Reserve to regulate retail banks what was a positive development for better monetary policy.
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Answer:
During the 1620s, Jamestown expanded from the area around the original James Fort into a New Town built to the east; it remained the capital of the Virginia colony until 1699. ... Describe the changes in the economy and labor system in Virginia and the other Southern colonies.
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Syriac, Greek and Sanskrit
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<span>Yellow Journalism as practiced by the newspapers of William Randolph Hearst and Joseph Pulitzer were largely responsible for swaying popular support of the Spanish American War.Yellow journalism came from a popular New York World comic called "Hogan's Alley," which featured a yellow-dressed character named the "the yellow kid."</span>