Regulating the United States Financial Market

The U.S pecuniary market place has all(prenominal)place time become the come up-nigh vital industry in modern western society. Movements in the U.S. financial market drop defecate a dusky topic on the ball-shaped economy. It is therefore important for the U.S. giving medication to keep an eye on an industry that stinkpot have such an effect on tidy sum. Regulation has been used as a device for governances to nail down the freedom of the financial market in order to cling to 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 about no regulation in place, the financial elite can do whatever they involve in order to touch their own selfish needfully 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 wel l as other regulations.\nTo see the history of regulation, how if first came into effect and why, one has to go suffer in history. Throughout history, the recipe of invest in the communication channel 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 bills 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 every class began to invest in the stock market, which also grow the U.S. economy significantly (Suarez, 2014). With many people investing in the stock market, the majority of them did non have the basic cognition 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). I n his article, Andrew Beattie describes what the unregulated market caused, Br...