Today we did presentations9)Connor continued-NIRA and NRAThe NIRA made codes of fair competiton for insustry. The NRA let people that had businesses get together and set their prices. It also set shorter hours so more people could work. The NRA was said to be unconstitutional and it did what the individual states were supposed to do. It ended in the year of 1935.10)Gabriel-Securities and Exchange Commission(SEC) and Banking Act of 1935-SECIt is a government commission created in 1934 by congress to regualte the securities markets and protect investors. It includes the powers to register, regulate, and oversee brokerage firms, transfer agents, and clearing agencies. It protected the New York Stock Exchange and the act identifies and prohibits certain types of conduct in teh markets and provides the Commission with desiplinary powers over regulated entities and persons associated with them. Securties laws broadly prohibit fraudulent activities of any kind in connection with the offer, purchase, or sale of securties. Today they charged Daniel Ruettiger and 12 other people in a scheme to deceive investors into buying stock in his sports drink company.-Banking ActWas created August 23, 1935. It reorganized the Federal Reserve Board and empowered it to control the reserve requirements discount and operations, interest, rates, and open market operations. It strenghed the powers of the Federal Reserve Board of Governors. In 1933 the Federal Deposit Insurance Corporation(FDIC) was initially established by the Banking Act. The Banking Act of 1935 made the FDIC a permanet agency and required insurance.11)Brayden-Food, Drug, and Cosmetic Act(FDC) and Agricultural Adjustment Act(AAA)-FDCIt was passes in 1938 by congress, it gave the authority to overlook the production of food, drugs, and cosmetics. It outlined a suggested laz enforcement and in recent years it has been tosses aside. A pharmacist created a medince called Elixir Sulfanlamide and it killed over 100 patients and that is a main reason why the act was passed.-AAALower crop surplus and the value of crops to rise, it was passed in 1933 and enacted in 1938. Government payed money to not plant part of thier farmland and in 1945 it became Production and Marketing Administration.
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