Financial Services Reporting
The Glass-Steagall Act was a U.S. law enacted in 1933 that separated commercial banking from investment banking activities to protect consumers and reduce the risk of financial speculation. This act was a response to the 1929 stock market crash and aimed to restore public confidence in the banking system by preventing banks from engaging in high-risk investments with depositors' funds.
congrats on reading the definition of Glass-Steagall Act. now let's actually learn it.