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Banking Act of 1933

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Emergency Banking Act - WWI & Great Depression Lessons of History

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Emergency Banking Act

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banking act of 1933

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Emergency Legislation: The Bank Holiday

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The Glass-Steagall Banking Act and Its Effects on Markets: U.S. Finance

The Banking Act of 1933 was a statute enacted by the United States Congress that established the Federal Deposit Insurance Corporation (FDIC) and imposed various other banking reforms. The entire law is often referred to as the Glass–Steagall Act, after its Congressional sponsors, Senator Carter Glass (D) of Virginia, and Representative Henry B. Steagall (D) of Alabama. The term Glass–Steagall Act, however, is most often used to refer to four provisions of the Banking Act of 1933 that limited commercial bank securities activities and affiliations between commercial banks and securities firms. That limited meaning of the term is described in the article on Glass–Steagall Legislation.
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    • Creation of FDIC and federal deposit insurance 

    • Other provisions of 1933 Banking Act 

    • Legislative history 

    • Commentator description and evaluation of 1933 Banking Act