What role did the repeal of the Glass Steagall Act play in creating the current economic crisis and allowing an even greater concentration of wealth in the U.S.?

What role did the repeal of the Glass Steagall Act play in creating the current economic crisis and allowing an even greater concentration of wealth in the U.S.?

Analyze the political impact of The Great Recession, the bank bailouts and the fallout – the hardships faced by many Americans. Specifically, what is the impact on our democracy? You may consider the critiques and activities of organized movements such as Occupy Wall Street or the Tea Party as part of your analysis.

— Has our economy stopped working for the broad majority of Americans? If so, what role, if any, has the government played in protecting the middle class, working class and the poor?

— How did our political and financial class shift the benefits of the economy to the very top while the majority has been weighed down with greater debt and has faced increasing cuts to the safety net?

— What role did the repeal of the Glass Steagall Act play in creating the current economic crisis and allowing an even greater concentration of wealth in the U.S.?


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NSWER

 

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THE GREAT RECESSION

The Great Recession is commxxxxxx acxxxxxxxxxxxxged as xxxxxx xxxxxx severe economic disaster in xxxxxx United States. During xxxxxx 18 months xxxxxx Dec 2007 xxxxxx June 2009, citizens lost nxxxxxx 30 % of xxxxxxir xxxxxx net worth. Home xxxxxxeclosures got to xxxxxxtoric xxxxxxs in xxxxxx yea