Which of the following actions did Congress NOT take in the 1930s, in an effort to prevent future financial crises like the stock market crash of 1929?

Question

Quizplus · Accepted Answer

The Federal Reserve Act was actually passed in 1913, before the stock market crash of 1929. It established the Federal Reserve System as the central bank of the United States and gave it the responsibility of regulating and stabilizing the monetary system. Therefore, it cannot be considered as an action taken in the 1930s to prevent future financial crises.

Which of the Following Actions Did Congress NOT Take in the 1930s