Your Perfect Assignment is Just a Click Away

Starting at $8.00 per Page

100% Original, Plagiarism Free, Customized to Your instructions!

glass
pen
clip
papers
heaphones

Banks and the Glass Steagall Act Assignment (1933)

Banks and the Glass Steagall Act Assignment (1933)

Banks and the Glass Steagall Act Assignment (1933)

Commercial banks were accused of being too speculative in the pre-Depression era because they were diverting funds to speculative operations. Thus, banks became greedy, taking on huge risks in the hopes of even bigger rewards. Banking itself became sloppy, and objectives became blurred.

In response to one of the worst financial crises at the time, the Glass-Steagall Act set up a regulatory firewall between commercial and investment bank activities. The Glass-Steagall Act was also passed to encourage banks to use their funds for lending rather than investing those funds in the equity markets. This was intended to increase commerce. However, the stipulations of the act were considered harsh by most in the financial industry, and it was very controversial. The Act was signed into law by President Franklin Delano Roosevelt on June 16, 1933, as part of the New Deal.  It became a permanent measure in 1945.

Questions:

  1. What was the logic behind repealing this act in 1999?
  2. Why was this repealed by a Democratic administration in 1999 when it had been instituted by a Democratic one in 1933. What was the difference between the economic outlook of Clinton and FDR?
  3. This act was repealed in 1999 and some see it as a fundamental part of the economic collapse of 2008. What are your thoughts on reinstating this or keeping it dead? Should the government have a hand in market regulation? Why or why not?

"Place your order now for a similar assignment and have exceptional work written by our team of experts, guaranteeing you A results."

Order Solution Now

Our Service Charter


1. Professional & Expert Writers: Ace Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Ace Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Ace Papers is known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Ace Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.