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The most significant long-term financial reform in the United States is the Glass-Steagall Act.
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What are FInancial Reforms?</h3>
Financial reform is the procedure of transitioning from government-regulated rates of interest to market-determined interest rates and pricing.
It is a policy initiative intended to renationalize and change the financial system in order to achieve an economic liberalization market-oriented system within an adequate regulatory framework.
The Glass-Steagall Act is one of the most significant financial reforms in the United States. This is because it enhanced bank regulation and restricted how banks invested their clients' money.
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Answer:
One specific way in imperialism affected the development of the domestic economies of imperial states is explained below in detail.
Explanation:
Imperialism negatively attacked the colonies. Under the external rule, indigenous culture and commerce were slaughtered. Shipped goods washed out local craft businesses. By using colonies as reservoirs of raw materials and warehouses for mass-produced goods, colonial authorities held back the colonies from expanding industries.
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