INTER WAR YEARS 1919 TO 1939
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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employ workers in public work projects.
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insure bank deposits in the United States.
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provide retirement income for U.S. workers and payments to disabled Americans.
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regulate the sale of stocks and oversee the disclosure of information on stocks being sold.
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Detailed explanation-1: -Expert-Verified Answer. The purpose of the Security Exchange Commission (SEC) was to control or regulate the sale of stocks and oversee the disclosure of information on stocks being sold. This implies the correct answer is D.
Detailed explanation-2: -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-3: -SEC was created after 1929 stock market crash To restore the country’s faith in the economy, Congress passed two significant reforms: the Securities Act of 1933 and the Securities Exchange Act of 1934. At their core, these acts provide increased structure and improved oversight to the securities market.
Detailed explanation-4: -The Securities Exchange Act of 1934 (SEA) was created to govern securities transactions on the secondary market, after issue, ensuring greater financial transparency and accuracy and less fraud or manipulation.
Detailed explanation-5: -Roosevelt signed the Securities Exchange Act, which created the SEC. This Act gave the SEC extensive power to regulate the securities industry, including the New York Stock Exchange. It also allowed them to bring civil charges against individuals and companies who violated securities laws.