QUESTION IMAGE
Question
- the ____ prohibited banks from engaging in risky investments.
tennessee valley authority act
emergency banking act
national industrial recovery act
glass - steagall act
The Tennessee Valley Authority Act focused on regional development and power generation. The Emergency Banking Act addressed bank closures and stabilization during the Great Depression. The National Industrial Recovery Act regulated industrial practices. The Glass-Steagall Act (officially the Banking Act of 1933) separated commercial and investment banking, directly prohibiting commercial banks from risky investment activities.
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Glass-Steagall Act