CARTER GLASS Meaning and
Definition
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Carter Glass was an American politician and statesman who held significant roles in the early 20th century. Born on January 4, 1858, in Lynchburg, Virginia, he served as both a member of the United States House of Representatives and the United States Senate. However, he is primarily remembered for his instrumental role in financial and banking legislation.
Glass was particularly known for his affiliation with financial matters, as he was a key figure in shaping the American banking system as it exists today. He is best known as the primary author of the landmark Glass-Steagall Act, which was passed in 1933. This legislation implemented regulations on banking practices, including the separation of commercial and investment banking activities, with the aim of preventing excessive risk-taking and promoting stability within the financial sector.
Additionally, Glass was involved in the Federal Reserve Act of 1913, which established the Federal Reserve System, the central banking system of the United States. Through his various roles and contributions, he consistently advocated for financial stability, transparency, and conservative monetary policy.
Carter Glass played a significant part in shaping the landscape of American finance and banking by introducing crucial legislation and advocating for responsible financial practices. His dedication to financial stability and regulatory oversight has left a lasting impact on the nation's banking system.
Common Misspellings for CARTER GLASS
- xarter glass
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- farter glass
- darter glass
- czrter glass
- csrter glass
- cwrter glass
- cqrter glass
- caeter glass
- cadter glass
- cafter glass
- catter glass
- ca5ter glass
- ca4ter glass
- carrer glass
- carfer glass
- carger glass
- caryer glass
- car6er glass
- car5er glass
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