Question

The Securities and Exchange Commission, formed in 1934 during the First New Deal, still operates today by
A. distributing millions of dollars of direct aid to unemployed workers.
B. insuring deposits in bank accounts
C. providing work in arts, theater, and literary projects.

D. regulating the stock market and restricting margin buying.​

Answer 1

Answer: D

Explanation: The securities and exchange commission was created as part of the first new deal to prevent stock market crashes, like black Tuesday, from occurring. In order to do this, the SEC was given the power to regulate the stock market, restrict margin buying, and later was given the power to regulate business accounting practices.