HIST-1107EL Study Guide - Quiz Guide: Investment Banking, U.S. Securities And Exchange Commission, Sun Belt
5 Dec 2020
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Freedom from fear: the american people in depression and war, 1929 - This reading discusses franklin roosevelt"s new deal, which was created to attempt to mitigate effects on the american economy and social landscape from world war one. New deal was a bundle of societal, housing and economic policies, aimed at creating more securities and stability. After the wall street crash, there were cries for reform. This gave way for roosevelt"s election and thus the introduction of the new deal. Reform came in the way of reforming the financial sector, which included banks and securities markets. However, in a confusing fashion, the new deal neither nationalized nor relaxed banking regulations, which did not pander to neither the democrats nor the republicans. Noteworthy, however, was the fact that commercial banks and investment bank were separated, but this impeded securities" efficiency as it was easy to manipulate. Later, the new deal made such manipulations illegal.
