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A glass mosaic of the Glass-Steagall Act rebuilding a shattered financial landscape.

Understanding the Gramm-Leach-Bliley Act of 1999: The Repeal of Glass-Steagall and Consumer Privacy

November 10, 2024 FinanceFacts101 Finance Policy

Historical Context of Glass-Steagall Act of 1933 The Glass-Steagall Act of 1933 was a landmark financial regulation enacted in response to the devastating stock market crash that occurred on October 24, 1929. Also known as the Banking Act of 1933, it aimed to restore public confidence in the U.S. banking

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