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Zolol [24]
2 years ago
6

What are three reasons why the glass-steagall act became less and less effective?

History
1 answer:
ivanzaharov [21]2 years ago
4 0

Answer: The Glass-Steagall Act was no longer preventing activities it was meant to prevent.

Explanation: 1. regulations covered fewer financial instruments as new financial instruments were developed. 2. Financial markets were becoming global, and U.S. regulations controlled only U.S. financial institutions. This reduced the ability of the United States to strictly regulate many financial institutions and 3. There was political pressure to reduce regulations, since people forgot that regulation had successfully controlled past banking problems.

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During its period as an independent country, Texas attempted to expand south and west into what was then Mexico. “There was a whole series of expeditions and counter-expeditions and skirmishes and battles,” said Bob Brinkman, coordinator of the historical markers program at the Texas Historical Commission, a state agency. Even after joining the United States, Texas held on to the idea that it would take a large chunk of the Territory of New Mexico. But as part of the Compromise of 1850.

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