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Explain The Main Provisions Of The Banking Act Of 1933

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The Banking Act of 1933 have joined together two long-standing Congressional projects that are (1) a federal system of bank deposit insurance championed by Representative Steagall and (2) the regulation (or prohibition) of the combination of commercial and investment banking and other restrictions on "speculative" bank activities championed by Senator Glass as part of a general desire to "restore" commercial banking to the purposes envisioned by the Federal Reserve Act of 1913.
The main provisions of the Banking act of 1933 was separated from investment banking to commercial banking. The provision has behind driving force by Senator Glass. Basically, the commercial banks were allowed to underwrite or deal in securities which took in deposits
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The Banking Crisis of 1933 was a period in the United States when many banking institutions collapsed under the pressure of excessive loans and a run on the banks. Franklin D. Roosevelt's plan to address the crisis was to inject financial resources into the banking system, protect depositors, and re-establish confidence in the banking system. He later worked to regulate banks through the Glass–Steagall Act and the Securities and Exchange Commission. The goal of these efforts was to prevent another banking crisis in the future and protect the American economy. The Dust Bowl was a period of severe drought that affected the Great Plains region of the United States in the 1930s.

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