The Securities Act of 1933 created the Federal Reserve System to serve as the central bank in the United States.

Question

Quizplus · Accepted Answer

The Securities Act of 1933 did not create the Federal Reserve System. The Federal Reserve System was actually created by the Federal Reserve Act of 1913. The Securities Act of 1933 was enacted in response to the stock market crash of 1929, and it established regulations and requirements for companies issuing and selling securities to the public.

The Securities Act of 1933 Created the Federal Reserve System