The creation of the Securities and Exchange Commission is an example of which goal of New Deal legislation

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Business

Carolyn

30 December, 09:36

The creation of the Securities and Exchange Commission is an example of which goal of New Deal legislation

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The correct answer is the goal of reforming and regulating the securities industry in order to recover from the Great Depression of 1929.

Explanation:

On the one hand, ''U. S. Securities and Exchange Commission'' or SEC is the name given to an independent agency of the United States federal government that was created by the New Deal policy with the purpose of regulating for the very first time the securities industry and therefore enforcing the federal securities laws.

On the other hand, the New Deal is a series a programs and public policies that focuses primarily on the recover from the Great Depression that the U. S. was suffering in the decade of the '30s. This proyect enacted by President Franklin D. Roosevelt created the SEC with the main purpose of regulating the securities industry due to the fact that there was no regulation of securities at the federal level and that mainly causes the depression.