Glass–Steagall Act

E1713

The Glass–Steagall Act was a landmark U.S. banking law of the 1930s that separated commercial and investment banking to curb financial speculation and prevent future banking crises.

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AI-generated illustration of Glass–Steagall Act

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Glass–Steagall Act (The Glass–Steagall Act was a landmark U.S. banking law of the 1930s that separated commercial and investment banking to curb financial speculation and prevent future banking crises.)

All labels observed (7)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf United States federal law ⓘ
banking regulation ⓘ
abbreviation FDIC ⓘ
aimedAt stabilizing the U.S. banking system ⓘ
alsoKnownAs Banking Act of 1933 ⓘ
associatedWith financial stability policies ⓘ
category Great Depression in the United States ⓘ
linked to: Great Depression

New Deal in the United States ⓘ
linked to: New Deal

United States banking legislation ⓘ
componentOf New Deal legislation ⓘ
context Great Depression ⓘ
coSponsor Henry B. Steagall ⓘ
country United States ⓘ
created Federal Deposit Insurance Corporation ⓘ
debatedRegarding relevance after late 20th century deregulation ⓘ
role in preventing financial crises ⓘ
depositInsuranceCoverageInitial $2,500 ⓘ
enactedIn United States Congress ⓘ
field banking law ⓘ
financial regulation ⓘ
influenced global approaches to bank separation ⓘ
subsequent U.S. banking regulation ⓘ
inForceForDecades yes ⓘ
introducedDepositInsurance yes ⓘ
jurisdiction United States federal government ⓘ
keyProvision creation of federal deposit insurance ⓘ
separation of commercial and investment banking activities ⓘ
longTermEffect restructuring of U.S. banking industry ⓘ
namedAfter Carter Glass ⓘ
Henry B. Steagall ⓘ
presidentAtEnactment Franklin D. Roosevelt ⓘ
prohibited commercial banks from underwriting most securities ⓘ
investment banks from taking deposits ⓘ
purpose prevention of banking crises ⓘ
reduction of financial speculation ⓘ
separation of commercial and investment banking ⓘ
responseTo bank failures of the early 1930s ⓘ
stock market crash of 1929 ⓘ
restricted affiliations between commercial banks and securities firms ⓘ
securities activities of commercial banks ⓘ
separated commercial banking ⓘ
investment banking ⓘ
signedBy Franklin D. Roosevelt ⓘ
sponsor Carter Glass ⓘ
title Glass–Steagall Act ⓘ
yearEnacted 1933 ⓘ

How these facts were elicited

Referenced by (35)

Full triples — surface form annotated when it differs from this entity's canonical label.

New Deal → hasPart → Glass–Steagall Act ⓘ
Emergency Banking Act → relatedTo → Glass–Steagall Act of 1933 ⓘ
linked to: Glass–Steagall Act
Great Depression → hasKeyEvent → Banking Act of 1933 ⓘ
linked to: Glass–Steagall Act
Great Depression → hasKeyEvent → Glass–Steagall Act ⓘ
Hundred Days (FDR) → hasKeyLegislation → Glass–Steagall Act of 1933 ⓘ
subject linked to: Hundred Days
linked to: Glass–Steagall Act
Hundred Days (FDR) → hasKeyLegislation → Banking Act of 1933 ⓘ
subject linked to: Hundred Days
linked to: Glass–Steagall Act
Glass–Steagall Act → alsoKnownAs → Banking Act of 1933 ⓘ
linked to: Glass–Steagall Act
Glass–Steagall Act → title → Glass–Steagall Act ⓘ
Home Owners' Loan Act of 1933 → relatedTo → Glass–Steagall Act ⓘ
73rd United States Congress → enacted → Glass–Steagall Act ⓘ
73rd United States Congress → enacted → Banking Act of 1933 ⓘ
linked to: Glass–Steagall Act
Federal Deposit Insurance Corporation → foundedByStatute → Banking Act of 1933 ⓘ
linked to: Glass–Steagall Act
Federal Reserve Act of 1913 → amendedBy → Banking Act of 1933 ⓘ
linked to: Glass–Steagall Act
Banking Act of 1935 → followed → Banking Act of 1933 ⓘ
linked to: Glass–Steagall Act
Banking Act of 1935 → relatedTo → Glass–Steagall Act ⓘ
Wall Street Crash of 1929 → influenced → Glass–Steagall Act ⓘ
Carter Glass → notableWork → Glass–Steagall Act ⓘ
Herbert Hoover administration → notableLegislation → Glass–Steagall Act of 1932 ⓘ
linked to: Glass–Steagall Act
Gramm-Leach-Bliley Act of 1999 → repealsPartOf → Glass-Steagall Act ⓘ
linked to: Glass–Steagall Act
Henry B. Steagall → notable work → Glass–Steagall Act ⓘ
Henry B. Steagall → coauthor → Glass–Steagall Act ⓘ
Regulation Q → legalBasis → Banking Act of 1933 ⓘ
linked to: Glass–Steagall Act
Regulation Q → legalBasis → Glass–Steagall Act ⓘ
Regulation Q → introducedAs → Section 11 of the Banking Act of 1933 ⓘ
linked to: Glass–Steagall Act
Chairman of the Federal Deposit Insurance Corporation → createdBy → Banking Act of 1933 (establishing FDIC) ⓘ
linked to: Glass–Steagall Act
Bank Holding Company Act of 1956 → relatedTo → Glass–Steagall Act ⓘ
New Deal Democrat → supportsProgram → Glass–Steagall Act ⓘ
Henry B. Steagall → coAuthored → Glass–Steagall Act ⓘ
subject linked to: Steagall
Steagall → associatedWith → Glass–Steagall Act ⓘ
Public Law 106-102 → repealsPartOf → Glass-Steagall Act ⓘ
linked to: Glass–Steagall Act
McFadden Act of 1927 → relatedTo → Glass–Steagall Act of 1933 ⓘ
linked to: Glass–Steagall Act
New Deal financial regulatory framework → hasPart → Glass–Steagall Act of 1933 ⓘ
linked to: Glass–Steagall Act
New Deal financial regulatory framework → hasPart → Banking Act of 1933 ⓘ
linked to: Glass–Steagall Act