The reality is that for at least 100 years, and probably more, market forces have tried to push traditional banks out of existence owing to the simpletruth that finance is avery broad concept.
The simpletruth of the matter is that the United States is today in avery strong position to work out far more attractive and constructive trade agreements with the emerging, reformist independent republics of the former Soviet Union.
Without defending the suffering endured by 19th century U.S. immigrants, the simpletruth is that the conditions they survived spoke to very ambitious people willing to go through a lot just to make it here.