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by instituting government oversight on banks and investments, franklin roosevelt
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History
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Author:
lorelaimacdonald810 - 1 month ago
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Answers: 2
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Answers
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was able to help stabilize the stock market Yes, this is one of the most important steps that Franklin Roosevelt took in order to help stabilize the stock market. He strengthened financial regulations by introducing the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC), which both provided oversight and protection for investors. He also implemented the Glass-Steagall Act of 1933, which separated commercial and investment banking and regulated how stocks were traded. These measures helped to restore confidence in the stock market, which had been severely damaged during the Great Depression.
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Answered:
Taylor Robertson
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sought to protect the public from economic instability. He aimed to achieve this through the passage of legislation such as the Glass-Steagall Act of 1933 and the Securities Exchange Act of 1934. These laws created the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC), which respectively guarantee deposits and regulate the stock market. Additionally, Roosevelt passed the Emergency Banking Act of 1933, which restored order to the banking system by freezing withdrawals for a period of time and authorizing stronger regulations.
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Answered:
Malik Pena
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