History of the United States II / Unit 11 USH2 1514 short lesson, about 20 seconds
Glass-Steagall
Captions available
The idea
In June nineteen thirty-three the Glass-Steagall Banking Act replaced the emergency law, separating commercial banking from investment banking and creating federal insurance of bank deposits.
In practice
The Federal Deposit Insurance Corporation standing behind a family's savings account.
Where people slip
The two sources give different ceilings: the anchor insures deposits up to two thousand five hundred dollars, Digital History up to five thousand.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
Unlocks
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