Based on the delineation of the nature of the financial regulation in the US between the 1930s and 1980's, analysing why such regulation was though necessary, how successful it was and why and how that structure of regulation was dismantled

Shruti Vats

Vol. 2, Issue 3 (2017)

Based on the delineation of the nature of the financial regulation in the US between the 1930s and 1980's, analysing why such regulation was though necessary, how successful it was and why and how that structure of regulation was dismantled

Authors
Shruti Vats

Abstract
Between 1929 and 1933 nearly 40 percent of the nation’s banks disappeared. In their wake, Roosevelt’s New Deal government put in place an extensive system of financial regulations. The inflation of 1970s made the deregulation the only possible solution in order to protect the failing banks and shift in savings away from banks. This led cumulatively to the final dismantling of Glass-Steagall in 1986. Although, the final nail in the coffin came in 1999 when President Clinton signed the Financial Services Modernization Act. In this paper I will only look at the period between 1930s and 1980s.

Download | Pages : 195-197

How to cite this article:

Shruti Vats. Based on the delineation of the nature of the financial regulation in the US between the 1930s and 1980's, analysing why such regulation was though necessary, how successful it was and why and how that structure of regulation was dismantled. International Journal of Advanced Educational Research, Volume 2, Issue 3, 2017, Pages 195-197