Banking Case Study Example | Topics and Well Written Essays - 500 words

Banking - Case Study Example From this paper it is clear that  in 1927, Congressman Louis McFadden moved a bill that was later enacted into law. This new law allowed commercial banks to spread and open more branches to the extent that was permitted by the laws of the state in which it was operating. This meant that if the laws of a state allowed opening of new branches in any location within the state, then the bank was allowed to do so. In another instance, if a state’s laws allow opening of branches within the current city of location, then a commercial bank was not allowed to open branches in other cities. However, this Act did not allow commercial banks to open branches across different states. This Act had the effect of allowing for geographical growth of commercial banks and they were able to compete with federal-owned banks.As the discussion stresses  the sponsors of this Act were motivated by the events that were happening then in the banking sector. It was after the economy had experienced a crisis in the stock market sector of the economy which was followed by the Great Depression. It had been previously discovered that monies had been borrowed from mainstream commercial banks for speculation purposes in the stock market. After the stock market crisis, many banks went at a loss and it was discovered that there was need to separate the two areas of the trade. The Glass-Steagall Act made into law that commercial banks will only deal with deposits and loans while investment banks will deal with only stock trading.

Doesn't Matter Essay Example | Topics and Well Written Essays - 500 words

Doesn't Matter - Essay Example ly problematic world is the main purpose of the poet who skilfully illustrates the universal characteristic of the human condition in the modern world through the geographically, historically, and linguistically wide variety of cultural, literary, and spiritual settings. Thus, the poem attains a universal appeal and nature which mainly worked in favour of the piece which is now considered as the most effective touchstone of modern literature. The poet resorts to a complex method of incorporating culturally, geographically, historically, spiritually, and linguistically distinct settings to deal with the most complex theme of the modern world. The essential method used by Eliot in The Waste Land, according to Cleanth Brooks, is â€Å"the principle of complexity. The poet works in terms of surface parallelisms which in reality make ironical contrasts, and in terms of surface contrasts which in reality constitute parallelisms.† (Brooks) The employment of such a wide variety of set ting can be best comprehended as part of the poet’s specific method of illustrating the complex nature of the modern world through a complex method. In The Waste Land, Eliot concentrates on dealing with the primary theme of the modern world situation and the particular settings, images, and symbols used by the poet help him in this attempt. Rather than demonstrating the thinner side of the modern situation of the world, offering a single, unambiguous meaning to the poem, the poet provides opportunity for multiple interpretations and meanings. The various symbols, which are drawn from a variety of settings, correspond to the dramatized instances of the theme, exemplifying in their own nature the basic paradox of the theme. Therefore, the manifold settings and symbols of the poem help in the development of the basic themes of the poem. Eliot’s themes are drawn from the various ages, settings, and contexts, and, hence, the use of various settings enhances the appeal of the themes.