In the 1980s, How Did Deregulation Contribute to the Culture

question 30

Multiple Choice

In the 1980s, how did deregulation contribute to the culture change in investment banks?

• A)Investment banks were not allowed to earn commissions on big blockbuster deals.
• B)Investment banks expanded their merger and acquisition (M&A)activity.
• C)Investment banks became "gatekeepers" who decided which corporations would be "allowed" to issue stock or debt.
• D)Investment banks remained closely held partnerships that never went public.

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Definitions:

Whittaker Chambers

Whittaker Chambers was an American writer, editor, and former Communist spy who became famous for his testimony against Alger Hiss, accused of espionage, which became a major event in the early years of the Cold War.

Alger Hiss

A former U.S. government official accused of espionage and convicted of perjury, his case became a symbol of Cold War tensions.

Espionage Activities

Acts of spying or using spies to obtain secret or confidential information about the plans and activities of a government or a competing entity.

National Security

The protection of a nation's citizens, economy, and institutions against threats and aggression, prioritizing the safety and well-being of the state.