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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Explanation:
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The phrase "why of where" refers to the idea that explanation of spatial pattern is crucial.
Explanation: The phrase 'why of where' is to associate special importance to the elaboration and description of the spatial pattern of a specific place. The idea comes from the importance of detailing in the discipline of Geography. 'Why of where' simply means specifications and details of a given place in terms of its spatial pattern.
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