During Roosevelt's New Deal, the S. E. C. Was created. The purpose of this agency was to A) employ workers in public work projects. B) insure bank deposits in the United States. C) provide retirement income for U. S. Workers and payments to disabled Americans. D) regulate the sale of stocks and oversee the disclosure of information on stocks being sold.

Question

Grace Wilcox

History

28 March, 14:00

During Roosevelt's New Deal, the S. E. C. Was created. The purpose of this agency was to A) employ workers in public work projects. B) insure bank deposits in the United States. C) provide retirement income for U. S. Workers and payments to disabled Americans. D) regulate the sale of stocks and oversee the disclosure of information on stocks being sold.

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Answers (1)

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Marco Morgan · Answer 1

The right choice is:

D) regulate the sale of stocks and oversee the disclosure of information on stocks being sold.

Explanation:

Stock market wild speculation (without proper regulations) and stock overpricing are among the causes of the Great Depression in 1929. The sales of overpriced stocks and the burst of the real estate bubble were common and abundan practice before June 1929. In order to restore order and confidence in banks and the financial system, the FRD administration created the Security and Exchange Commission.