could some one explain that in 2 or 3 sentences? im doing an ABC book on the 1920's and 1930's
Tanx in advance
2006-11-11 08:30:22 · 2 answers · asked by Lz 2 in Education & Reference ➔ Homework Help
The Glass-Steagall Act was designed to de-link the dollar from the gold standard, and empowered the Federal Reserve Bank to influence the money supply. To do so, it allowed the Federal Reserve and the government to use the nation's gold reserves and securities in loans.
2006-11-17 04:37:28 · answer #1 · answered by ³√carthagebrujah 6 · 0⤊ 0⤋
some each and every man or woman is basically stupid. The repealing of the Glass-Steagall act develop into executed through a Republican Congress. Clinton develop into complicit through signing the legislations. The meltdown is owing to a lack of regulation. regrettably, mind is lacking in both activities.
2016-10-16 08:35:06 · answer #2 · answered by ? 4 · 0⤊ 0⤋