Respuesta :
The 1929 stock market crash was one of the event that contributed the most as a cause to establish the United States Securities and Exchange Commission (SEC).
Answer: D
Explanation:
Emergence of the securities and Exchange Commission in the U.S.
Post the World War I, the United States came across a devastating economic drop which completely destroyed the prosperity, consumerism and production of the country, raising debt.
To overcome the situation, people began investing in stock market event with high rates of risk without federal oversight and that's where they went wrong.
On 29th October 1929; the stock market crashed and billions of bucks were ruined in a snap. With this crash, around 5,000 banks got closed, leading to bankruptcy and unemployment. That ultimately triggered the Greatest Depression in the U.S.
Hence, the federal government created SEC in 1934 to avoid discrepancy, protecting the stock market and capital under the pre-defined federal regulations.
