Well, allow me to juggle some knowledge for you! The correct answer is a) the Glass-Steagall Act! It was a bit like a financial tightrope walker, aiming to keep the banking and investment world in check while also ensuring the safety of consumer interests. So, you could say it was a balancing act of sorts!
The correct answer is a.) the Glass-Steagall Act. This piece of legislation, also known as the Banking Act of 1933, was passed by President Roosevelt in response to the financial crisis of the Great Depression. The Glass-Steagall Act introduced a number of regulations aimed at stabilizing the banking system, preventing future speculative investments, and protecting consumers. It established the Federal Deposit Insurance Corporation (FDIC) to guarantee bank deposits and restore public confidence in the banking system. The act also included provisions that separated commercial banking from investment banking, in order to avoid conflicts of interest and prevent risky practices. Overall, the Glass-Steagall Act played a crucial role in restoring stability to the banking industry and protecting consumers from financial instability. To find the answer to this question, you would need to have knowledge about US history and the various pieces of legislation passed during President Roosevelt's time in office. You could also conduct research using reliable sources such as books, articles, or official government websites that discuss the Great Depression and Roosevelt's response to it.
