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Stephanie Blair and Staci Gelatka. Passed by congress under Roosevelt Shaped the development of banking system Reduced bank competition for depositor's.

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Presentation on theme: "Stephanie Blair and Staci Gelatka. Passed by congress under Roosevelt Shaped the development of banking system Reduced bank competition for depositor's."— Presentation transcript:

1 Stephanie Blair and Staci Gelatka

2 Passed by congress under Roosevelt Shaped the development of banking system Reduced bank competition for depositor's money Revived confidence in banking system Banned deposit banks from investment banking GLASS-STEAGALL BANKING ACT OF 1933

3 U.S. Independent government corporation Created under Glass Steagall Banking Act Established after the Great Depression Insure bank deposits during bank failure Ended the epidemic of bank failures FDIC: FEDERAL DEPOSIT INSURANCE CORPORATION

4 banned deposit banks from investment banking buy newly issued stocks/securities resell them to public for profit gave Federal Reserve System power regulate interest rates savings and time deposits Joseph W. Barr- 1960 GLASS-STEAGALL BANKING ACT AND GOVERNMENT

5 Created Federal Deposit Insurance Corporation insures deposits to maximum limit Protected from bank failure Members of the Federal Reserve System must buy deposit insurance from FDIC FDIC AND GOVERNMENT

6 EFFECTIVENESS

7 Immediately: No, circulation decreased Increased hoarding Long-Term: Yes, exited Great Depression Continued until repealed in 90s EFFECTIVENESS CTD.

8 Allen, Larry. "Glass-Steagall Banking Act (1933)." American Government. ABC- CLIO, 2012. Web. 26 Nov. 2012. "Federal Deposit Insurance Corporation." Encyclopædia Britannica. Encyclopædia Britannica Online School Edition. Encyclopædia Britannica, Inc., 2012. Web. 26 Nov. 2012.. "Chapter 34: The Great Depression and the New Deal | APNotes.net." Chapter 34: The Great Depression and the New Deal | APNotes.net. N.p., n.d. Web. 30 Nov. 2012.. Resnick, Eugene. "The New Deal and the Politics of the 1930s, 1932- 1940."Barron's Ap United States History. Hauppauge: Barrons Educational Series Inc, 2012. 252. Print. "GLASS DEFINES MEASURE: Special to THE NEW YORK TIMES." New York Times [New York] 12 Feb. 1932: 1, 14. Print. WORKS CITED: INFORMATION Blue: Secondary Source Purple: Primary Source

9 "Franklin D. Roosevelt signs the Banking Act of 1933." Image. Federal Deposit Insurance Corporation. American Government. ABC-CLIO, 2012. Web. 26 Nov. 2012. "Joseph W. Barr." Image. U.S. Treasury Department. American Government. ABC- CLIO, 2012. Web. 30 Nov. 2012. Federal Deposit Insurance Corporation. Photograph. Encyclopedia Britannica. Web. 26 Nov. 2012.. "Bank and Thrift Failures, including Pre-FDIC." Chart. www.thefacultylounge.org. N.p., 27 Oct. 2009. Web. 2 Dec. 2012.. "Bank-Failure." Www.thelibertyvoice.com. WordPress, 30 Dec. 2010. Web. 2 Dec. 2012.. WORKS CITED: IMAGES

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