FSA:
first major federal legislation to regulate the sale of securites (stocks)
two objectives
required investors to recieve information on the what's being offered
prohibited fraud in the sales in stocks
It still exist but has be improved
Was successful
The 3 Rs:
Relief- (relief for the people)immediante action taken to halt the economic decline included a 4 day bank holiday(CCC)
Reform- (reform the economics system)SCA FDIC permanent groups
Recovery- (recovery from the great depression) AAA PWA temporary
FDIC:
TO provide insurance coverage for banks
To maintian finanicail stability
If a bank fails insures them 100,000 per acount
Promote and preserve the confidence people had about banks at eh time
Can take the insurance away from a bank
Created by FDR
headquarters located in washington dc
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