205k views
4 votes
How did Glass-Steagall Act and the FDIC address the issues with banks?

User Mapeters
by
3.6k points

1 Answer

5 votes

Answer:

FDIC Created

The Glass-Steagall Act set up a firewall between commercial banks, which accept deposits and issue loans, and investment banks that negotiate the sale of bonds and stocks.

Step-by-step explanation:

User Sysop
by
3.1k points