Asked by IGotYa
Among the first laws passed by FDR was the Truth-in-Securities Act. How did it support his New Deal goals? a. The law’s purpose was to make sure farmers’ investments were safe. b. The law’s goal was to prevent another economic crash. c. The law was focused on helping those who lost money in the stock market crash. d. The law was mainly enacted as a way to reignite the economy.
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b. The law’s goal was to prevent another economic crash.
Explanation: The Securities (Truth‑in‑Securities) Act of 1933 required full disclosure of information by companies issuing securities to stop fraud and restore investor confidence after the 1929 crash. Its main purpose was to reduce the chances of another market collapse, not to provide compensation to crash victims or to focus specifically on farmers.
Explanation: The Securities (Truth‑in‑Securities) Act of 1933 required full disclosure of information by companies issuing securities to stop fraud and restore investor confidence after the 1929 crash. Its main purpose was to reduce the chances of another market collapse, not to provide compensation to crash victims or to focus specifically on farmers.
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