Among the first laws passed by FDR was the Truth-in-Securities Act. How did it support his New Deal goals?(1 point)

Responses

The law was focused on helping those who lost money in the stock market crash.
The law was focused on helping those who lost money in the stock market crash.

The law’s goal was to prevent another economic crash.
The law’s goal was to prevent another economic crash.

The law was mainly enacted as a way to reignite the economy.

1 answer

The correct response is: The law’s goal was to prevent another economic crash.

The Truth-in-Securities Act aimed to improve transparency and prevent fraud in the securities industry, thereby restoring public confidence in the financial markets, which was essential for stabilizing the economy and preventing future economic crises.