The Glass-Steagall Act of 1933

question 450

Multiple Choice

The Glass-Steagall Act of 1933:

• A)established the Reconstruction Finance Corporation.
• B)limited interest rates that savings and loans could charge on mortgages.
• C)established the Federal Reserve.
• D)separated banks to two categories, commercial and investment.

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Definitions:

Immigration Reform

Efforts and policies aimed at changing or improving immigration laws and practices.

Undocumented Workers

Individuals working in a country without legal authorization or documentation, often facing precarious employment conditions.

Control Act

Legislation enacted to regulate or oversee a specific activity, substance, or practice for the purpose of maintaining order, safety, or public interest.

Secret Arms Sale

The covert selling and distribution of military weapons and equipment, often to countries or groups without the approval or acknowledgment of the public or certain governing bodies.