What did the Glass-Steagall Act of 1933 and the Federal Securities Act have in common?

A. They both regulated banking and finance.
B. They both required corporations to be honest about stock offerings.
C. They both provided federal insurance for investments and deposits.
D. They both required banks to responsibly use their customers' deposits.

Question

30-07-2024
History

Answered

What did the Glass-Steagall Act of 1933 and the Federal Securities Act have in common?

A. They both regulated banking and finance.
B. They both required corporations to be honest about stock offerings.
C. They both provided federal insurance for investments and deposits.
D. They both required banks to responsibly use their customers' deposits.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-30T00:57:00-04:00

Final answer:

The Glass-Steagall Act and the Federal Securities Act both regulated banking and finance by separating commercial and investment banking and requiring honesty in stock offerings.

Explanation:

The Glass-Steagall Act of 1933 and the Federal Securities Act had in common the regulation of banking and finance. The Glass-Steagall Act focused on separating commercial and investment banking to prevent conflicts of interest in the industry. Meanwhile, the Federal Securities Act aimed to ensure honesty in stock offerings by establishing legal disclosure standards for publicly traded securities.

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