Regulating the United States Financial Market

The U.S financial commercialise has over time have the most vital manufacture in modern Hesperian society. Movements in the U.S. financial grocery mickle have a profound burden on the global economy. It is therefore strategic for the U.S. government to keep an warmness on an industry that can have such an effect on peck. Regulation has been utilize as a thingmajig for governments to limit the freedom of the financial commercialise in rewrite to protect the population. The Great depression and the 2008 financial crisis was a searing follow up for the U.S. government and its citizens, one subject field in discussions of the both crises has been the drop of normal. With almost no ordination in place, the financial elect(ip) can do any(prenominal) they want in couch to satisfy their own egoistic needs and set the economy in jeopardy. The U.S. government should excuse the faults in the financial groundwork by reinstating the Glass-Steagall Act as well as proto( prenominal)(a) regulations.\nTo understand the history of regulation, how if root came into effect and why, one has to go back in history. passim history, the rule of ornamenting in the sprout market has been kept among the wealthy, they were the people who could afford to bargain shoots in companies and purchase bonds from banks (Suarez, 2014). Because they were wealthy, it was believed that they could lot the risks of losing money in the stock market (Suarez, 2014). During 1920s and early 1930s, investing in the stock market quickly became a national interest, as people from every class began to invest in the stock market, which to a fault expanded the U.S. economy significantly (Suarez, 2014). With many people investing in the stock market, the majority of them did not have the staple fibre knowledge about stocks, which increase the high-level manipulation by banks and financial institutions because no regulation was in place to anticipate them from doing it (Suarez, 2014). In his article, Andrew Beattie describes what the unregulated market caused, Br...