Customer saving accounts up to 2500 also reducing

customer saving accounts up to $2,500 also reducing future panics. In addition to
insuring savings accounts, the Glass-Steagall Act, part of the Banking Act of 1933,
called for the separation of commercial banking from investment banking in order to
prevent banks from investing the savings of depositors in risky stock market; only banks
that specialized in investment could trade in the stock market after 1933. The Federal
Reserve Board was given more authority to intervene in future financial emergencies.
Ending the banking crisis.
Before the Great Crash in 1929, there was very little government oversight of the
securities (stocks and bonds) industry, known as “Wall Street”, where the largest banks
and brokerage houses were centered. The Roosevelt administration developed two
important pieces of legislation intended to regulate the operations of the stock market to
eliminate fraud and abuses. First, the securities Exchange Act of 1933, was the first
major federal legislation to regulate the sales of stocks and bonds. It required
corporations that issued stock for public sale to “disclose” all relevant information about
operations and management of the company so that investors could know what they
were buying. The second bill, the Securities Exchange Act of 1934, established the
Securities and Exchange Commission, a federal agency to enforce the new laws and
regulations governing the issuance and trading of stocks and bonds. The act also
required that all stockbrokers be licensed. Pgs. 869-870
8. Explain how the New Deal addressed under and unemployment

that help rural public schools open. When the program's cost got to high Roosevelt
stopped it and 4 million were unemployed again. The most successful of the New Deal
job programs was the Civilian Conservation Corps (CCC), managed by the War
Department. It built 2,500 rustic camps in forty seven states to house 3 million
unemployed, unmarried young men aged 18 to 25. The CCC also recruited jobless
military veterans and Native Americans, housing them in different camps. CCC workers,