THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Federal Emergency Relief Act
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Civilian Conservation Corps
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Works Progress Administration
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Securities and Exchange Commission
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Detailed explanation-1: -Allowed federal regulation of stock trading in public corporations.
Detailed explanation-2: -The Securities Act of 1933 was enacted to prevent a repeated stock market crash.
Detailed explanation-3: -The crash led to Congress to passing the Securities Act of 1933 and the Securities Exchange Act of 1934. The SEC “was designed to restore investor confidence in our capital markets by providing investors and the markets with more reliable information and clear rules of honest dealing."
Detailed explanation-4: -During the New Deal, changes were made to make the U.S. banking system more stable so banks would not go out of business without giving people their money back. The Federal Deposit Insurance Corporation (FDIC) was created. The FDIC: insured the money people put into a bank up to $5000.