How did the Banking Act of 1933 make banks more stable in the long run?

It separated commercial and investment banking.

It made bank runs and bank holidays illegal.

It created a system of regional federal banks to oversee local banks.

It required people to take out insurance on their bank deposits.

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History

Patricia Reynolds

16 June, 13:20

How did the Banking Act of 1933 make banks more stable in the long run?

It separated commercial and investment banking.

It made bank runs and bank holidays illegal.

It created a system of regional federal banks to oversee local banks.

It required people to take out insurance on their bank deposits.

+5

Answers (2)

Know the Answer?

Sage Booth · Answer 1

The answer is: It separated commercial and investment banking.

The Banking Act of 1933 was a banking reform that was enacted upon the failure of said banks during the great depression. This act prevented commercial banks to invest in a business and enacted more strict regulations.

Kieran Nolan · Answer 2

it's atleast It separated commercial and investment banking.

out of all choices

How did the Banking Act of 1933 make banks more stable in the long run?It separated commercial and investment banking.It made bank runs and bank holidays illegal.It created a system of regional federal banks to oversee local banks.It required people to take out insurance on their bank deposits.