Secruiety Act of 1933 established after the stock market crash. It was made to help regulate the stock market and to help soo there wont be a stock market..
The two main parts:
"to require that investors receive significant (or “material”) information regarding securities being offered for public sale; and to prohibit deceit, misrepresentations, and other fraud in the sale of securities to the public."
Made sure banks couldnt invest money in the stock market. Get rid pooling and monopolies. It made those illegel. Established the SEC Sercruities exchange Commission.
Differences between the first and second New deals.
The first new deal was aimed to help out Banks, Businesses. The Three R's relief, Recovery, and Reform.
Emergency Bank Act-"(March 9), provided the president with the means to reopen viable banks and regulate banking"
Economy Act"(March 20), cut federal costs through reorganization of and cuts in salaries and veterans' pensions"
Beer-Wine Revenue Act- "(March 22), legalized and taxed wine and beer"
The Second New Deal-
This was more aimed to help out people during the Great depression-
Social Secruity
National Labor Relations Act-"limits the means with which employers may react to workers in the private sector who create labor unions"
It set up programs to set up Retail on price control.
Bonus Bill-$1.5 billion to 3 Million dollars to World War veterns.
http://en.wikipedia.org/wiki/New_Deal
http://en.wikipedia.org/wiki/Second_New_Deal
http://www.novelguide.com/a/discover/egd_02/egd_02_00396.html
http://www.u-s-history.com/pages/h1851.html
http://en.wikipedia.org/wiki/Securities_Act_of_1933
http://www.investopedia.com/terms/s/securitiesact1933.asp
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