The U.S pecuniary trade has over time rifle the most vital intentness in modern westerly society. Movements in the U.S. financial mart plunder have a profound nitty-gritty on the global preservation. It is therefore authorized for the U.S. government to keep an midriff on an industry that can have such an effect on the great unwashed. Regulation has been employ as a gimmick for governments to limit the freedom of the financial market in baffle to protect the population. The Great low gear and the 2008 financial crisis was a searing reckon for the U.S. government and its citizens, one guinea pig in discussions of the both crises has been the wish of principle. With almost no regulation in place, the financial selected can do whatever they want in score to satisfy their own self-serving needs and set the economy in jeopardy. The U.S. government should improve the faults in the financial alkali by reinstating the Glass-Steagall Act as well as other regulations. \nTo understand the history of regulation, how if first came into effect and why, one has to go back in history. end-to-end history, the rule of intrusting in the memory market has been kept among the wealthy, they were the people who could afford to buy neckcloths in companies and purchase bonds from banks (Suarez, 2014). Because they were wealthy, it was believed that they could brood the risks of losing money in the stock market (Suarez, 2014). During 1920s and archean 1930s, commit in the stock market quickly became a national interest, as people from every class began to invest in the stock market, which in any case expanded the U.S. economy significantly (Suarez, 2014). With many people investing in the stock market, the bulk of them did not have the staple fibre knowledge about stocks, which change magnitude the high-level manipulation by banks and financial institutions because no regulation was in place to forestall them from doing it (Suarez, 2014). In his a rticle, Andrew Beattie describes what the unregulated market caused, Br... If you want to get a full essay, order it on our website:
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