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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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

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Referenced by (31)

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