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The Glass–Steagall Act
Manage episode 426092778 series 3565466
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This episode explores the historical importance of the Glass-Steagall Act, which separated commercial and investment banking to restore stability after the Great Depression. The gradual deregulation that followed culminated in the 1999 Gramm-Leach-Bliley Act, eventually leading to the 2007-2008 financial crisis and prompting discussions on balancing innovation with stability in the financial sector.
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