The Banking Acts of 1933 and 1935 (HOM 34-B)

History of Money, Lecture 34, Pt. B: summary of the two pivotal banking acts of 1933 and 1935 - the former known commonly as the Glass-Steagall Act, signed into law by FDR. The 1933 act separated commercial banking from investment banking, established the FDIC, and created the FOMC at the Federal Reserve; the act of 1935 reorganized the FOMC to transfer power from the New York Fed to the Federal Reserve Board in Washington, D.C. Lecture concludes with a brief look at the Business Plot: the alleged conspiracy exposed by Major General Smedley Butler. _______________________________________ If enjoy this channel and would like to support: Follow me on X: Buy my book! The Currency of Empire: Money and Power in English America, released June 2021 with Cornell University Press. Order your copy now. =tmm_pap_swatch_0?_encoding=UTF8&qid=1611158577&sr=8-1 _______________________________________ Dr. Jonathan Barth received his PhD in history from George Mason University in 2014. He specializes in the history of money and banking in the early modern period, with corollary interests in early modern politics, empire, culture, and ideas. Barth is Associate Professor of History at Arizona State University and Associate Director of the Center for American Institutions at Arizona State University. _______________________________________ Visit my website _______________________________________ Disclaimer: The views and opinions expressed on this channel are my own and do not reflect the views of Arizona State University, nor are any of the views endorsed by Arizona State University.