Claims

View and explore all extracted claims from processed sources.

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Extracted Claims (29746)

Cracking down on speculation by separating commercial banks from the securities industry offered a promising means to promote future economic stability. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Separating commercial banks from the securities industry offered a means to promote economic stability.

1 sources

6 days ago
Glass initially endorsed administrative remedies that he hoped would block the more sweeping reform proposals of his populist colleagues. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Glass initially endorsed administrative remedies to block reform proposals.

1 sources

6 days ago
He feared that use of the system’s credit to inflate the stock market would ultimately threaten the central bank itself. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Senator Glass feared that use of the system’s credit to inflate the stock market would threaten the central bank.

1 sources

6 days ago
Senator Glass became interested in the matter due to his desire to protect the Federal Reserve System he had helped establish and regarded as his legacy. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Senator Glass became interested in the matter due to his desire to protect the Federal Reserve System.

1 sources

6 days ago
They spoke for a large segment of the public who did not trust Wall Street and wanted to see its influence curbed. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Midwestern inheritors spoke for a large segment of the public who did not trust Wall Street.

1 sources

6 days ago
The Banking Act of 1933’s requirement that commercial banks divorce their investment affiliates emerged in response to the freewheeling financial practices of the Roaring Twenties. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: The Banking Act of 1933’s requirement emerged in response to the Roaring Twenties.

1 sources

6 days ago
In the middle of the 1920s, midwestern inheritors of the populist tradition serving in Congress raised the alarm over the use of banking resources for stock market speculation. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Midwestern inheritors in Congress raised the alarm over banking resources for stock market speculation in the 1920s.

1 sources

6 days ago
Elected officials also received a steady stream of mail from constituents—particularly working people—writing to urge changes to the banking system. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Elected officials received mail from constituents urging changes to the banking system.

1 sources

6 days ago
Convention resolutions and other policy statements regularly declared the positions of labor unions and farmer groups to politicians and the press. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Convention resolutions regularly declared the positions of labor unions and farmer groups.

1 sources

6 days ago
While a broad swath of the public took an interest in questions of banking policy, farmers and workers throughout the nation were especially engaged with the issue, often channeling their advocacy thr... 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Farmers and workers were especially engaged with banking policy channeling advocacy through membership organizations.

1 sources

6 days ago
Use of the title “Glass-Steagall” omits the influence of public opinion on the legislation while highlighting its southern Democrat congressional co-sponsors Representative Henry B. Steagall and his s... 0.800

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: The title “Glass-Steagall” omits the influence of public opinion on the legislation.

1 sources

6 days ago
The 1933 law enacted two critical reforms: the division of commercial and investment banking, which sought to safeguard savings and checking deposits from risky investments, and the establishment of a... 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: The 1933 law enacted the division of commercial and investment banking and the establishment of a federal guarantee for depositors.

1 sources

6 days ago
The Clinton administration had nullified the law’s wall between commercial and investment banking, which many postmortems deem responsible for the “Great Recession.” 0.800

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: The Clinton administration nullified the law’s wall between commercial and investment banking.

1 sources

6 days ago
In the wake of the financial crisis of 2007–08, the Banking Act of 1933, popularly known as “Glass-Steagall,” resurfaced from historical obscurity. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: The Banking Act of 1933 resurfaced from historical obscurity after the financial crisis of 2007–08.

1 sources

6 days ago
The resulting Federal Farm Loan Act of 1916 presented a decisive break with laissez-faire economics and established the precursor of today’s Farm Credit System. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: The Federal Farm Loan Act of 1916 broke with laissez-faire economics and established the precursor of today’s Farm Credit System.

1 sources

6 days ago
Importantly, while bankers wanted the central bank placed under their control, the negative public reaction to this proposed arrangement ensured government authority over the institution. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Negative public reaction ensured government authority over the central bank.

1 sources

6 days ago
Furthermore, farmers’ lobbying during the Federal Reserve debate won a commitment from President Woodrow Wilson to establish low-cost agricultural credit. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Farmers' lobbying won a commitment from President Woodrow Wilson to establish low-cost agricultural credit.

1 sources

6 days ago
Yet this law would have looked far different absent public influence. 0.800

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: The Federal Reserve Act would have looked far different absent public influence.

1 sources

6 days ago
Leading bankers pushed for the Federal Reserve Act of 1913, which created the nation’s preeminent banking regulator. 0.900

👤 The author 📋 Historical Analysis 🏷️ Finance , Government

Simplified: Leading bankers pushed for the Federal Reserve Act of 1913.

1 sources

6 days ago
Rather, it was the beginning of a struggle between workers and farmers on one side and bankers on the other—a struggle that produced the framework of a new financial order. 0.800

👤 The author 📋 Historical Analysis 🏷️ Finance , Government , Political

Simplified: Bryan's defeat was the beginning of a struggle that produced a new financial order.

1 sources

6 days ago