Critical Thinking 23-1 #3

The New Deal introduced many programs and laws that would improve the country's situation during the Great Depression. Many of these gave people help in the form of work and insurance. Others, however, gave long term help, keeping the country safe from future troubles. The Federal Securities Act was one of these long term improvements. In 1933, this law was passed in order to prevent another crash in the stock market. It required companies to provide all information about their stock offerings, making these companies responsible for any false information. Soon after this, in 1934, the Securities and Exchange Commission was created to regulate the stock market. With this in addition to the Federal Securities Act, the stock market was much safer than before, and it was unlikely that another depression would be caused by a crash in the market.