Glass–Steagall Act

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Sen. Carter Glass (DVa.) and Rep. Henry B. Steagall (DAla.-3), the co-sponsors of the Glass–Steagall Act.

The Banking Act of 1933 () was a law that established the Federal Deposit Insurance Corporation (FDIC) in the United States and imposed banking reforms, several of which were intended to control speculation. It is often referred to as the Glass–Steagall Act, after its Congressional sponsors, Senator Carter Glass (D) of Virginia, and Representative Henry B. Steagall (D) of Alabama.

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