Scenarios about 'glass-steagall'
The Glass-Steagall Act refers to provisions of the Banking Act of 1933 that separated commercial banking from investment banking in the United States following the 1929 stock market crash. This legislation prevented deposit-taking institutions from engaging in securities activities, establishing a regulatory firewall that remained in place until its partial repeal in 1999. In alternate history scenarios, the preservation or earlier repeal of Glass-Steagall often serves as a point of divergence for exploring different economic outcomes and financial crises.
What If Wall Street Implemented Different Financial Regulations?
Exploring the alternate timeline where the financial industry embraced stronger self-regulation in the 1990s, potentially averting the 2008 global financial crisis and reshaping the world economy.