Hat are three reasons why the Glass-Steagall Act became less and less effective? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click twice to empty the box. Financial markets were becoming more localized, which U. S. regulations could effectively control. unchecked Regulations covered fewer financial instruments as new financial instruments were developed. unchecked There was no political pressure to reduce regulations. unchecked Regulations covered more financial instruments as new financial instruments were developed. unchecked Financial markets were becoming global, and U. S. regulations controlled only U. S. financial institutions. unchecked There was political pressure to reduce regulations. unchecked