Which of the following actions did Congress take in the 1930s,in an effort to prevent future financial crises like the stock market crash of 1929?

Question

Quizplus · Accepted Answer

The formation of the FDIC (Federal Deposit Insurance Corporation) in 1933 was a response to the failure of numerous banks during the Great Depression, which caused widespread financial distress. The FDIC was created to protect depositors' funds by insuring them up to a certain amount, thus preventing future bank failures and helping to restore public confidence in the banking system. The Bubble Act, which was passed in England in 1720 and was intended to prevent speculative bubbles like the South Sea Bubble, has no relevance to the financial legislation passed in the 1930s in the United States. The CBO (Congressional Budget Office) was not created until 1974 and is therefore not an accurate answer to the question.

Which of the Following Actions Did Congress Take in the 1930s,in