Summary
Though the shares slide ushered in the Great Depression, it also provided the impetus for a clean-up of corporate America. A string of legislation in the 1930s, including the Banking Act 1933 (known as "Glass-Steagall") stamped out Wall Street's abuses and conflicts of interest. Much of that legislation has since been watered down.
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Extract
The Business
It is the 75th anniversary of the Wall Street crash. There were many victims, though the ruined stockbrokers throwing themselves from skyscrapers were apparently invented by British reporters in need of colour.
Though the shares s...See the full content of this document
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