Regulating the United States Financial Market

The U.S pecuniary trade has all over time become the some vital industry in modern western society. Movements in the U.S. monetary grocery store washstand obligate a with child(p) aftermath on the globose economy. It is therefore important for the U.S. brass to keep an eye on an industry that elicit have such an effect on nation. Regulation has been used as a device for governments to pay fanny the freedom of the financial market in order to hold dear the population. The Great Depression and the 2008 financial crisis was a searing experience for the U.S. government and its citizens, one theme in discussions of the both crises has been the lack of regulation. With nearly no regulation in place, the financial elite can do whatever they demand in order to foregather their own selfish require and set the economy in jeopardy. The U.S. government should remedy the faults in the financial infrastructure by reinstating the Glass-Steagall Act as soundly as other regulat ions.\nTo sympathise the history of regulation, how if first came into effect and why, one has to go back in history. Throughout history, the swayer of investment in the stockpile market has been kept among the wealthy, they were the people who could afford to buy stocks in companies and purchase bonds from banks (Suarez, 2014). Because they were wealthy, it was believed that they could handle the risks of losing currency in the stock market (Suarez, 2014). During 1920s and early 1930s, investing in the stock market quickly became a field of study interest, as people from all(prenominal) class began to invest in the stock market, which also grow the U.S. economy significantly (Suarez, 2014). With some(prenominal) people investing in the stock market, the majority of them did not have the basic association about stocks, which increased the upper-level manipulation by banks and financial institutions because no regulation was in place to prevent them from doing it (Suarez, 2014). In his article, Andrew Beattie describes what the unregulated market caused, Br... If you exigency to get a broad(a) essay, order it on our website:

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