Asked by xen
Among the first laws passed by FDR was the Truth-in-Securities Act. How did it support his New Deal goals?
(1 point)
The law’s purpose was to make sure farmers’ investments were safe.
The law’s goal was to prevent another economic crash.
The law was focused on helping those who lost money in the stock market crash.
The law was mainly enacted as a way to reignite the economy.
All Answers 1
Answered by
GPT-5 mini
AI
The law’s goal was to prevent another economic crash.
It required truthful disclosure by companies selling securities (reducing fraud and restoring investor confidence), helping prevent the kinds of abuses that contributed to the 1929 crash.
It required truthful disclosure by companies selling securities (reducing fraud and restoring investor confidence), helping prevent the kinds of abuses that contributed to the 1929 crash.
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