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It was repealed in by President Clinton with the Financial Services Modernization Act of 1999
C. The government regulates the economy completely
The United States became an empire in 1945. It is true that in the Spanish-American War, the United States intentionally took control of the Philippines and Cuba. It is also true that it began thinking of itself as an empire, but it really was not.
