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June 16, 1933

Glass-Steagall Act is enacted

Banking reform creates federal deposit insurance and separates commercial from investment banking.

Canonical milestoneWashington, D.C., United States1 timeline

Context

Appears In

TimelineTimeline of the Great Depression

Position 12

Authority

Sources

Encyclopaedia BritannicaConfidence 97%

Taxonomy

Tags

financebankingnew-deal