Identify and State the Historical Significance of the Following

question 117

Short Answer

Identify and state the historical significance of the following:
-Glass-Steagall Act

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Definitions:

Basic Hierarchy

A foundational arrangement or system where entities are ranked or ordered one above the other according to some criterion or authority.

Self-actualization

The act of achieving one's full potential and talents, recognized as an innate motivation or requirement in every individual.

Hierarchy

An arrangement or institution where individuals or sectors are hierarchically positioned above each other based on their level of power or prestige.

Cognitive Needs

Psychological requirements of individuals that drive their desire to acquire knowledge, understanding, and rationality.