B. The law's goal was to prevent another economic crash.
The Truth-in-Securities Act, also known as the Securities Act of 1933, was passed to regulate the securities industry and prevent fraudulent activities that had contributed to the stock market crash of 1929. By requiring companies to provide accurate and transparent information to investors, the law aimed to restore confidence in the financial markets and prevent future economic crises. This aligns with FDR's New Deal goals of stabilizing the economy and protecting consumers from risky financial practices.
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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