The Glass-Steagall Act of 1933 Ended the Ability of Commercial

question 104

True/False

The Glass-Steagall Act of 1933 ended the ability of commercial banks to act as underwriters of newly issued securities.

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Definitions:

United States

A country in North America, composed of 50 states, known for its vast size, diverse population, and influence in global economic, political, and cultural arenas.

Italy

A country located in southern Europe, known for its rich history, art, culture, and significant contributions to world civilization.

Historical Project

An endeavor or research activity that seeks to uncover, interpret, or preserve past events and their significance.

Consumerism

The societal trend that emphasizes the acquisition of goods and services in ever-greater amounts, often associated with a way of life that values consumption.