The Monetary Control Act was legislation that changed banking considerably in the early 1980s, and it represented the first significant reform in the banking industry since the Great Depression.

In response to the Supreme Court’s decision, Congress passed and President Jimmy Carter signed the Depository Institutions and Monetary Control Act of 1980, or DIDMCA, which allowed banks ...

These events are highly reminiscent of a controversy that occurred in the 1970s, one that was only settled when Congress passed the Depository Institutions Deregulation and Monetary Control Act of ...

Monetary policy seeks to control the economy by manipulating the money supply and interest rates. Fiscal policy is designed to achieve the same end using targeted taxes and spending. The Achilles ...