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It banned commercial banks from involvement in buying and selling stocks, and set up the FDIC.

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Curtis Strite

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3y ago

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The Glass-Steagall Act of 1933 improved the stability of the U.S. banking system. Among other provisions, it created the Federal Deposit Insurance Corporation (FDIC), which at the time guaranteed individual bank deposits up to $5,000.

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Wiki User

13y ago
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The Federal Deposit Insurance Corporation (FDIC) which insures private deposits in federally-chartered banks.

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Wiki User

12y ago
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Q: What did the Glass-Steagall Act create?
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