Banking act of 1933 ? President Franklin D Rooscelt under whose presidency the Act was passed. Senator Cartr Glass, and Henry Steagall - Glass Steagall Act, and the creation of FDIC ( Federal Deposit Insurance Corporation ) from the act.
The Banking Act of 1933, also referred to as the Glass-Steagall Act.
The first picture shows President Roosevelt, who signed the Act, leading to the formation of the Federal Deposit Insurance Corporation (FDIC, the logo which incorporates the seal is also pictured in the connect)
The other two pictures show Representative Henry Bascom Steagall of Alabama, and Carter Glass, senator of Virginia, both of who sponsored the Act at the Congress. Neha Abraham
The connect between the pictures is 'Glass-Steagall Act'.
The first image is that of Franklin D.Roosevelt who signed the Glass–Steagall Act that created the Federal Deposit Insurance Corporation (FDIC)in order to give Americans confidence in the banks.
The second image is that of'Henry B. Steagall' of Alabama, Chairman of the House Committee on Banking and Currency and third image is that of Democratic Senator Carter Glass of Lynchburg, Virginia. Both these sponsored the Glass-Steagall Act.
The Logo is of Federal Deposit Insurance Corporation which was established by the Glass-Steagall Act passed in 1933. This law set an amount of money that a person will not lose if the bank is to go bankrupt.
the connection is Banking Act of 1933.[the Glass–Steagall Act]
1.Banking Act of 1933 was a law that established the Federal Deposit Insurance Corporation (FDIC) in the United States. 2.On June 16, 1933, President Franklin D. Roosevelt signed the Banking Act of 1933.he is the upper-left man in the image. 3.Henry B. Steagall[upper-right man in the image] and Carter Glass[lower-left man in the image] co-sponsored the The Banking Act of 1933.The Banking Act of 1933 is often referred to as the Glass–Steagall Act, after its Congressional sponsors, Senator Carter Glass and Representative Henry B. Steagall.
Glass-Steagall Act of 1933 -FDIC was established by this act. -Franklin Roosevelt was the US President who signed this act into law. - Carter Glass and Henry Steagall were its sponsors. Umang Gupta
These are the most important people who led to the formation of Federal Deposit Insurance Corporation. On June 16, 1933, President Franklin Roosevelt signed the Banking Act of 1933, a part of which established the FDIC. Sen. Carter Glass of Virginia and Rep. Henry Steagall of Alabama, the two most prominent figures in the bill's development.
explanation: the picture of the man in the top left corner is that of Franklin D. Roosevelt 32nd President of the United States (1933–1945).The Glass–Steagall Act was originally part of President Franklin D. Roosevelt’s New Deal program and became a permanent measure in 1945.To give Americans confidence in the banks, Roosevelt signed the Glass–Steagall Act that created the Federal Deposit Insurance Corporation (FDIC).
the picture of the man in the top right corner is that of Henry Bascom Steagall. He was chairman of the Committee on Banking and Currency and in 1933 co-sponsored the Glass–Steagall Act with Carter Glass, an act that introduced banking reforms and established the Federal Deposit Insurance Corporation (FDIC).
the logo in the bottom right corner is that of The Federal Deposit Insurance Corporation (FDIC), which is a United States government corporation operating as an independent agency created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, up to $250,000 per depositor per bank as of January 2012.
the picture of the man in the bottom left corner is that of Carter Glass.He became widely known as co-sponsor of the Glass–Steagall Act of 1933, which enforced the separation of investment banking and commercial banking, and established the Federal Deposit Insurance Corporation (FDIC).
The connect is the glass steagall act of 1933. The first picture is of franklin d roosevelt. It was signed into law by President Franklin Delano Roosevelt on June 16, 1933. The second and last picture are of Henry B steagall and carter glass. It was sponsored by sponsored by Democratic Senator Carter Glass of Lynchburg, Virginia, a former Secretary of the Treasury, and Democratic Congressman Henry B. Steagall of Alabama, Chairman of the House Committee on Banking and Currency. The third picture is of Federal Deposit Insurance Corporation. It was created by the Glass–Steagall Act of 1933. This is the connect.
1) Established By the Federal Deposit Insurance Corporation 2) Sponsored by Carter Glass and Henry B. Steagall 3) Signed into law by President Franklin D. Roosevelt
The connect is the SIGNING OF THE BANKING ACT OF 1933 IN USA ON JUNE 16 1933.
A part of the Act created the Federal Deposit Insurance Corporation FDIC whose symbol is shown(bottom right)
The Act was signed by the then President of USA Franklin D.Roosevolt (top left)
When the Act was signed, at his immediate right was Senator Carter Glass of Virginia (bottom left) and at his immediate left was Representative Henry Steagall of Alabama (top right). They were 2 of the most prominent figures in the bill's development.
the first picture is of Franklin d.Roosevelt who took over as US president in 1933 when Glass-Sleagall Act was passed to set up FDIC-Federal deposit Insurance company in 1933! the second picture is Henry b. Steagall and the third person in pictures is Carter Glass, both of them cosponsored the act which led to creation ofFICE (3rd picture)..SUGANDHA RANJAN
Connect is the Glass- Steagal Act. The pictures are of Franklin D. Roosevelt , who as President of the USA signed the act into law,and of Senator Carter Glass and Congressman Henry B. Steagal who sponsored the bills. FDIC or the Federal Deposit Insurance Corporation (FDIC) is a United States government corporation operating as an independent agency created by the Glass–Steagall Act of 1933.
Glass-Steagall Act? FDIC was created as a result of that act. And you have pictures of Franklin D Roosevelt, Henry Steagall Act & Carter Glass. FDR signed this act within months of his inauguration, in response to the 'bank panic'. "The only thing we have to fear is fear itself" (irrelevant, i know, but i love the quote) Arushi Jamar
In short, the then US president,F.D.Roosevelt signed the Banking Act of 1933 often known as the Glass–Steagall Act (not to be confused with the Glass–Steagall Act of 1932). This law primarily established the independent agency of Federal Deposit Insurance Corporation (FDIC)as a result of several bank failures (during the Great Depression) that created enough distrust in the system. though the term Glass–Steagall Act most often refers to four provisions of the 1933 Banking Act that separated commercial and investment banking. pic explanation clockwise from left : 1.Franklin D. Roosevelt 2.Henry B. Steagall 3.FDIC logo/name. 4.Senator Carter Glass.
can provide more info if this isn't enough.thanks, raktim nag.
Franklin D. Roosevelt (first picture) signed the act that created Federal Deposit Insurance Corporation, or FDIC (fourth picture). He signed the act in an attempt to restore citizens' confidence in the banks.
Henry B. Steagall (second picture), a United States Representative, and Carter Glass (third picture), member of Democratic Party, were the ones who created this act and it is said that Franklin D. Roosevelt did not have much to do with the act, apart from passing it.
Connect: Glass-Steagall Act. Under the presidency of Franklin Roosevelt(Top Left), the G-A Act was passed to prevent agaisnt bank runs and the FDIC was also established. The gentlemen in the other two pictures are Glass(Bottom Left) and Henry Steagall(Top Right)
The connect is the Glass-Steagall Act 1933. It was said that the act was passed by accident by president Roosevelt. (Congress remained in session for almost 4 days: longer than expected).
People in the picture: Roosevelt, Carter Glass, Henry Steagall.
(The act is also referred to as the Banking Act of 1933, which was a law which established FDIC: Federal Deposit Insurance Corporation in the US)
Submitted by : Bikash Agrawal, SRCC Connect Glass–Steagall Act (Banking Act of 1933) 1. Sen. Carter Glass and Rep. Henry B. Steagall (D—Ala.-, the co-sponsors of the Glass–Steagall Act. 2. Signed into law by President Franklin Delano Roosevelt on June 16, 1933. 3. was a law that established the Federal Deposit Insurance Corporation (FDIC) in the United States and imposed banking reforms, several of which were intended to control speculation.
Banking Act of 1933. Franklin Roosevelt, top left, signed the Banking Act. Established the FDIC (bottom right) and gave it powers of deposit insurance. Separated commercial and investment banking (through Glass–Steagall Act) Glass bottom left, Steagall top right.
Franklin Roosevelt became president on 4th march 1933; Glass-Steagall act, proposed by Carter Glass and Henry Steagall was enacted on 16 june 1933 ,signed by Roosevelt and it led to the creation of Federal Deposit Insurance corporation on the same day.
All these people were involved in formation of fdic and played a very crucial role. The first person is Frankiln D. Roosevelt who signed the banking legislaion act hence forming the fdic. the other two persons are Henry Stegall and Carter Glass who played a very important role in passing the Glass–Steagall Act which paved the way for the formtaion of FDIC.
the connect between the four pictures is "the Glass-Steagall Act" another name for the Banking Act of 1993 that limited commercial bank securities activities and affiliations between commercial banks and securities firms.this act was named after its Congressional sponsors, Senator Carter Glass of Virginia, and Representative Henry B. Steagall of Alabama.The act was originally part of President Franklin D. Roosevelt’s New Deal program and became a permanent measure in 1945.it wasSigned into law by President Roosevelt on June 16, 1933.it created the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits with a pool of money appropriated from banks.
Glass and Steagall are two of the people in the images. The FDIC was a product of the Glass Steagall Act. Roosevelt was the President when the Glass Steagall Act was enacted in 1933.
the connect is "glass steagall act" or "banking act of 1933. this act was sponsored by Carter Glass and Henry B. Steagall (both in pic) by which Federal Deposit Insurance Corporation was established.also the act was signed by then president Franklin D. Roosevelt (in pic). sanchit gupta
the connect is Glass–Steagall Act or The Banking Act of 1933. It is the law that established the Federal Deposit Insurance Corporation (FDIC) in the United States and imposed banking reforms, several of which were intended to control speculation. Named after Senator Carter Glass of Virginia, and Representative Henry B. Steagall of Alabama. Enacted by the 73rd United States Congress under Franklin Delano Roosevelt's presidency. Harshita
the connect is Glass–Steagall Act or The Banking Act of 1933. It is the law that established the Federal Deposit Insurance Corporation (FDIC) in the United States and imposed banking reforms, several of which were intended to control speculation. Named after Senator Carter Glass of Virginia, and Representative Henry B. Steagall of Alabama. Enacted by the 73rd United States Congress under Franklin Delano Roosevelt's presidency. Harshita
The connect is "Glass Steagall Act". The idea was proposed by Sen. Carter Glass and Rep. Henry B. Steagall and signed into law by President Franklin Delano Roosevelt. It led to the establishment of Federal Deposit Insurance Company (FDIC). Yash Panjrath
It led to the establishment of Federal Deposit Insurance Corporation - FDIC in USA. It was signed into Law by Franklin D. Roosevelt(top left) in 1933. It is named after its sponsors Henry Steagall(top right) and Carter Glass(bottom left).
Franklin D. Roosevelt was the President of the USA who passed this law. Carter Glass And Henry Steagall were the sponsors of this law in 1933. This law led to the creation of Federal Deposit Insurance Corporation in 1933
It is Glass Steagell act of 1933.. It was a law that established federal deposit insurance corporation (FDIC) in US imposing banking reforms also called the banking act . Its congressional sponsors were Carter Glass and Henry Steagell .. Imposed under presidency of Franklin D. Roosevelt Ritika Gupta
38 comments:
Banking act of 1933 ?
President Franklin D Rooscelt under whose presidency the Act was passed.
Senator Cartr Glass, and Henry Steagall - Glass Steagall Act,
and the creation of FDIC ( Federal Deposit Insurance Corporation ) from the act.
The Banking Act of 1933, also referred to as the Glass-Steagall Act.
The first picture shows President Roosevelt, who signed the Act, leading to the formation of the Federal Deposit Insurance Corporation (FDIC, the logo which incorporates the seal is also pictured in the connect)
The other two pictures show Representative Henry Bascom Steagall of Alabama, and Carter Glass, senator of Virginia, both of who sponsored the Act at the Congress.
Neha Abraham
The connect between the pictures is 'Glass-Steagall Act'.
The first image is that of Franklin D.Roosevelt who signed the Glass–Steagall Act that created the Federal Deposit Insurance Corporation (FDIC)in order to give Americans confidence in the banks.
The second image is that of'Henry B. Steagall' of Alabama, Chairman of the House Committee on Banking and Currency and third image is that of Democratic Senator Carter Glass of Lynchburg, Virginia. Both these sponsored the Glass-Steagall Act.
The Logo is of Federal Deposit Insurance Corporation which was established by the Glass-Steagall Act passed in 1933. This law set an amount of money that a person will not lose if the bank is to go bankrupt.
the connection is Banking Act of 1933.[the Glass–Steagall Act]
1.Banking Act of 1933 was a law that established the Federal Deposit Insurance Corporation (FDIC) in the United States.
2.On June 16, 1933, President Franklin D. Roosevelt signed the Banking Act of 1933.he is the upper-left man in the image.
3.Henry B. Steagall[upper-right man in the image] and Carter Glass[lower-left man in the image] co-sponsored the The Banking Act of 1933.The Banking Act of 1933 is often referred to as the Glass–Steagall Act, after its Congressional sponsors, Senator Carter Glass and Representative Henry B. Steagall.
MUKUL NAYYAR
Glass-Steagall Act of 1933
-FDIC was established by this act.
-Franklin Roosevelt was the US President who signed this act into law.
- Carter Glass and Henry Steagall were its sponsors.
Umang Gupta
These are the most important people who led to the formation of Federal Deposit Insurance Corporation.
On June 16, 1933, President Franklin Roosevelt signed the Banking Act of 1933, a part of which established the FDIC.
Sen. Carter Glass of Virginia and Rep. Henry Steagall of Alabama, the two most prominent figures in the bill's development.
the connect: Glass–Steagall Act
explanation: the picture of the man in the top left corner is that of Franklin D. Roosevelt 32nd President of the United States (1933–1945).The Glass–Steagall Act was originally part of President Franklin D. Roosevelt’s New Deal program and became a permanent measure in 1945.To give Americans confidence in the banks, Roosevelt signed the Glass–Steagall Act that created the Federal Deposit Insurance Corporation (FDIC).
the picture of the man in the top right corner is that of Henry Bascom Steagall. He was chairman of the Committee on Banking and Currency and in 1933 co-sponsored the Glass–Steagall Act with Carter Glass, an act that introduced banking reforms and established the Federal Deposit Insurance Corporation (FDIC).
the logo in the bottom right corner is that of The Federal Deposit Insurance Corporation (FDIC), which is a United States government corporation operating as an independent agency created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, up to $250,000 per depositor per bank as of January 2012.
the picture of the man in the bottom left corner is that of Carter Glass.He became widely known as co-sponsor of the Glass–Steagall Act of 1933, which enforced the separation of investment banking and commercial banking, and established the Federal Deposit Insurance Corporation (FDIC).
Achal Bhalla
The connect is the glass steagall act of 1933. The first picture is of franklin d roosevelt. It was signed into law by President Franklin Delano Roosevelt on June 16, 1933. The second and last picture are of Henry B steagall and carter glass. It was sponsored by sponsored by Democratic Senator Carter Glass of Lynchburg, Virginia, a former Secretary of the Treasury, and Democratic Congressman Henry B. Steagall of Alabama, Chairman of the House Committee on Banking and Currency. The third picture is of Federal Deposit Insurance Corporation. It was created by the Glass–Steagall Act of 1933. This is the connect.
Answer: Glass-Steagall Act
1) Established By the Federal Deposit Insurance Corporation
2) Sponsored by Carter Glass and Henry B. Steagall
3) Signed into law by President Franklin D. Roosevelt
Vrinda Uppal
Glass-Steagall (in pics) Act, passed under the presidency of Franklin Roosevelt and led to the formation of the FDIC
AVANISH BEHANY
The connect is the SIGNING OF THE BANKING ACT OF 1933 IN USA ON JUNE 16 1933.
A part of the Act created the Federal Deposit Insurance Corporation FDIC whose symbol is shown(bottom right)
The Act was signed by the then President of USA Franklin D.Roosevolt (top left)
When the Act was signed, at his immediate right was Senator Carter Glass of Virginia (bottom left) and at his immediate left was Representative Henry Steagall of Alabama (top right). They were 2 of the most prominent figures in the bill's development.
the first picture is of Franklin d.Roosevelt who took over as US president in 1933 when Glass-Sleagall Act was passed to set up FDIC-Federal deposit Insurance company in 1933!
the second picture is Henry b. Steagall and the third person in pictures is Carter Glass, both of them cosponsored the act which led to creation ofFICE (3rd picture)..SUGANDHA RANJAN
Connect is the Glass- Steagal Act.
The pictures are of Franklin D. Roosevelt , who as President of the USA signed the act into law,and of Senator Carter Glass and Congressman Henry B. Steagal who sponsored the bills. FDIC or the Federal Deposit Insurance Corporation (FDIC) is a United States government corporation operating as an independent agency created by the Glass–Steagall Act of 1933.
-Shruti Nair
Glass Steagall Act (Separation of commercial and investment banking)
Franklin D Roosevelt, signed the act in 1933 during his term as President of USA.
Henry Steagall and Carter glass-Co sponsors of the act.
FDIC-federal deposit insurance corporation which was created as a result of the act and provides guarantees to the deposits in member banks
Mayur Gupta
Glass Steagall Act (Separation of commercial and investment banking)
Franklin D Roosevelt, signed the act in 1933 during his term as President of USA.
Henry Steagall and Carter glass-Co sponsors of the act.
FDIC-federal deposit insurance corporation which was created as a result of the act and provides guarantees to the deposits in member banks
Mayur Gupta
CONNECT: Banking Act of 1933 (US)
or the Glass-Steagall Act
LINK:
1) President Roosevelt: He signed the Act
2) Henry Steagall: Congressional sponsor of this act.
3) Senator Carter Glass: The co-sponsor congress man of this Act
4) Federal Deposit Insurance Corporation: was established by this Act to guarantee safety of deposits in commercial banks.
ROBIN TRAKROO
Glass-Steagall Act?
FDIC was created as a result of that act. And you have pictures of Franklin D Roosevelt, Henry Steagall Act & Carter Glass.
FDR signed this act within months of his inauguration, in response to the 'bank panic'.
"The only thing we have to fear is fear itself"
(irrelevant, i know, but i love the quote)
Arushi Jamar
Connect: Glass-Steagall act
Connection:
FDIC was created by Glass-steagall act
Two of the persons in picture are Carter glass and Henrey b steagall
Third person is president roosevelt who signed glass steagall act into law
In short, the then US president,F.D.Roosevelt signed the Banking Act of 1933 often known as the Glass–Steagall Act (not to be confused with the Glass–Steagall Act of 1932). This law primarily established the independent agency of Federal Deposit Insurance Corporation (FDIC)as a result of several bank failures (during the Great Depression) that created enough distrust in the system.
though the term Glass–Steagall Act most often refers to four provisions of the 1933 Banking Act that separated commercial and investment banking.
pic explanation clockwise from left :
1.Franklin D. Roosevelt
2.Henry B. Steagall
3.FDIC logo/name.
4.Senator Carter Glass.
can provide more info if this isn't enough.thanks,
raktim nag.
The main connect is the Glass-Steagall Act, 1933.
Franklin D. Roosevelt (first picture) signed the act that created Federal Deposit Insurance Corporation, or FDIC (fourth picture). He signed the act in an attempt to restore citizens' confidence in the banks.
Henry B. Steagall (second picture), a United States Representative, and Carter Glass (third picture), member of Democratic Party, were the ones who created this act and it is said that Franklin D. Roosevelt did not have much to do with the act, apart from passing it.
- Ruppal Singh
Connect: Glass-Steagall Act. Under the presidency of Franklin Roosevelt(Top Left), the G-A Act was passed to prevent agaisnt bank runs and the FDIC was also established. The gentlemen in the other two pictures are Glass(Bottom Left) and Henry Steagall(Top Right)
The connect is the Glass-Steagall Act 1933. It was said that the act was passed by accident by president Roosevelt. (Congress remained in session for almost 4 days: longer than expected).
People in the picture: Roosevelt, Carter Glass, Henry Steagall.
(The act is also referred to as the Banking Act of 1933, which was a law which established FDIC: Federal Deposit Insurance Corporation in the US)
- Lakshita Mehrotra
SSCBS
Submitted by :
Bikash Agrawal, SRCC
Connect
Glass–Steagall Act (Banking Act of 1933)
1. Sen. Carter Glass and Rep. Henry B. Steagall (D—Ala.-, the co-sponsors of the Glass–Steagall Act.
2. Signed into law by President Franklin Delano Roosevelt on June 16, 1933.
3. was a law that established the Federal Deposit Insurance Corporation (FDIC) in the United States and imposed banking reforms, several of which were intended to control speculation.
Banking Act of 1933.
Franklin Roosevelt, top left, signed the Banking Act.
Established the FDIC (bottom right) and gave it powers of deposit insurance.
Separated commercial and investment banking (through Glass–Steagall Act) Glass bottom left, Steagall top right.
Chirag Jain, Bikash Agarwal, Lakshita Mehrotra, Dhruv Sharma, Ruppal Singh, Raktim Nag, Adish Jain, Arushi Jamar, Robin Trakroo, Mayur Gupta, Shruti Nair, Sugandha Ranjan, Avanish Behany, Vrinda Uppal, Nikhil Issar, Achal Bhalla, Peeyush Mittal, Umang Gupta, Mukkul Nayyar, Shubham Jain, Neha Abraham, Surbhit all get a whopping 15+5 points points for getting the connect and for also explaining it correctly! Keep it going!
The connect is the year 1933.
Franklin Roosevelt became president on 4th march 1933; Glass-Steagall act, proposed by Carter Glass and Henry Steagall was enacted on 16 june 1933 ,signed by Roosevelt and it led to the creation of Federal Deposit Insurance corporation on the same day.
NAVENDU SHEKHAR
All these people were involved in formation of fdic and played a very crucial role.
The first person is Frankiln D. Roosevelt who signed the banking legislaion act hence forming the fdic.
the other two persons are Henry Stegall and Carter Glass who played a very important role in passing the Glass–Steagall Act which paved the way for the formtaion of FDIC.
the connect between the four pictures is "the Glass-Steagall Act" another name for the Banking Act of 1993 that limited commercial bank securities activities and affiliations between commercial banks and securities firms.this act was named after its Congressional sponsors, Senator Carter Glass of Virginia, and Representative Henry B. Steagall of Alabama.The act was originally part of President Franklin D. Roosevelt’s New Deal program and became a permanent measure in 1945.it wasSigned into law by President Roosevelt on June 16, 1933.it created the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits with a pool of money appropriated from banks.
The Glass Steagall Act.
Glass and Steagall are two of the people in the images. The FDIC was a product of the Glass Steagall Act. Roosevelt was the President when the Glass Steagall Act was enacted in 1933.
the connect is "glass steagall act" or "banking act of 1933. this act was sponsored by Carter Glass and Henry B. Steagall (both in pic) by which Federal Deposit Insurance Corporation was established.also the act was signed by then president Franklin D. Roosevelt (in pic).
sanchit gupta
the connect: Glass-Steagall Act 1933
The first person shown is Huey Long who was a Senator and obstructed the Glass bill until Glass revised his bill.
The second and third picture shows Henry Steagall and Carter Glass respectively, the co-sponsors of the Glass-Steagall Act.
The Act led to the establishment of Federal Deposit Insurance Corporation(FDIC) shown in the last picture.
Ishani Mittal
the connect is Glass–Steagall Act or The Banking Act of 1933. It is the law that established the Federal Deposit Insurance Corporation (FDIC) in the United States and imposed banking reforms, several of which were intended to control speculation.
Named after Senator Carter Glass of Virginia, and Representative Henry B. Steagall of Alabama.
Enacted by the 73rd United States Congress under Franklin Delano Roosevelt's presidency. Harshita
the connect is Glass–Steagall Act or The Banking Act of 1933. It is the law that established the Federal Deposit Insurance Corporation (FDIC) in the United States and imposed banking reforms, several of which were intended to control speculation.
Named after Senator Carter Glass of Virginia, and Representative Henry B. Steagall of Alabama.
Enacted by the 73rd United States Congress under Franklin Delano Roosevelt's presidency. Harshita
The connect is "Glass Steagall Act".
The idea was proposed by Sen. Carter Glass and Rep. Henry B. Steagall and signed into law by President Franklin Delano Roosevelt.
It led to the establishment of Federal Deposit Insurance Company (FDIC).
Yash Panjrath
The connect is : Glass-Steagall Act
It led to the establishment of Federal Deposit Insurance Corporation - FDIC in USA. It was signed into Law by Franklin D. Roosevelt(top left) in 1933. It is named after its sponsors Henry Steagall(top right) and Carter Glass(bottom left).
The connect is the banking act of 1933.
Franklin D. Roosevelt was the President of the USA who passed this law. Carter Glass And Henry Steagall were the sponsors of this law in 1933. This law led to the creation of Federal Deposit Insurance Corporation in 1933
Navendu Shekhar
It is Glass Steagell act of 1933.. It was a law that established federal deposit insurance corporation (FDIC) in US imposing banking reforms also called the banking act . Its congressional sponsors were Carter Glass and Henry Steagell .. Imposed under presidency of Franklin D. Roosevelt
Ritika Gupta
Glass-Steagal Act
Ambuj Kukreja
Post a Comment