| 单词 | Glass–Steagall Act 1933 |
| 释义 | Glass–Steagall Act 1933 Glass–Steagall Act 1933 US legislation that separated commercial banking and securities operations by banks. It was introduced in the aftermath of the great stock-market crash of 1929 to lessen the likelihood of such panics occurring again. These provisions of the Act were largely repealed by the Financial Services Modernization Act 1999, a move that some commentators now see as contributing to the financial crisis of 2007–08. Similar provisions were re-enacted in a weaker form as part of the Dodd-Frank Act 2010. |
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