The correct answer is: Their own political party.
Leaders of both cultures used a system to control society
Leaders of both cultures were elected by the people.
Leaders of both cultures were worshipped as gods.
B)created the Federal Reserve System
C)prohibited commercial banks from underwriting stocks and bonds
D)requires banks to purchase stocks
The Glass-Steagall Act, passed by Congress in 1933, essentially barred commercial banks from underwriting stocks and bonds, thus separating commercial and investment banking.
The Glass-Steagall Act that was passed by Congress in 1933 mainly C) prohibited commercial banks from underwriting stocks and bonds. This protective measure was taken in response to the stock market crash of 1929 to prevent another similar event that resulted in the bank failures. It separated commercial banking from investment banking, effectively barring commercial banks from engaging in the business of security underwriting. This law was enacted to protect depositors and avoid conflicts of interest that might lead to speculative abuses.
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Answer:
True
Explanation: