Ep. 16: The Day America Split the Banks in Two - Glass-Steagall Act (1933)

In the depths of the Great Depression, America's banking system was in ruins. Thousands of banks had failed, wiping out the life savings of millions. In this episode of Signed Into Law, we explore the Glass-Steagall Act of 1933—the landmark legislation that fundamentally restructured American finance by separating commercial and investment banking. Discover how this law created the FDIC to protect depositors and why it stood as a cornerstone of financial regulation for over six decades.Join us as we unpack how Congress responded to the worst financial crisis in American history and reshaped the relationship between Wall Street and Main Street. Whether you're a history buff, finance enthusiast, or simply curious about the laws that shaped modern America, this episode reveals how one act of Congress changed banking forever. Subscribe to Signed Into Law for more stories about the legislation that built America.This episode includes AI-generated content.