Which of the following acts was passed during the Great Depression to prevent rampant speculation by banks?
A)The Securities Exchange Act
B)The Glass-Steagall Act
C)The Recovery and Reinvestment Act
D)The Economic Stimulus Appropriation Act
E)The Sarbanes-Oxley Act

Question

Quizplus · Accepted Answer

The Glass-Steagall Act was passed during the Great Depression to prevent banks from engaging in excessive speculation by separating investment banking from commercial banking, thereby aiming to reduce conflicts of interest and financial crises.

Which of the Following Acts Was Passed During the Great