The Primary Rationale for Repealing the Glass-Steagall Act Was That

question 102

True/False

The primary rationale for repealing the Glass-Steagall Act was that the U.S. Congress recognized the international competitive disadvantage for US commercial and investment banks.

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Definitions:

Ottoman Empire

A former Turkish empire that was founded about 1300 by Osman and reached its peak during the 16th and 17th centuries.

Civilian Casualties

Non-military individuals who are injured or killed in a conflict or in a tragic event.

Arms Race

a competition between nations for superiority in the development and accumulation of weapons, especially between the Cold War superpowers.

Trade Territory

A geographic area where a company or country has exclusive rights or advantages for conducting commercial activities.