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Banking in the United States was relatively stable for many years after the Glass-Steagall Act and the Banking Act of 1935 were created during the New Deal. This stability began to change in the 1970s. Briefly discuss how changes in the economy destabilized the financial industry. In what ways did the banking industry and government respond to the challenges facing them? Discuss how these changes led to the Savings and Loan Crisis of the 1980s and contributed to the economic downturn in 2007-2008.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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