Roosevelt's New Deal Project and the Social Security Act

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New Deal Project In 1930 the Great Depression hit and the U.S. was in biggest economic depression in history. So in 1933 americans elected Franklin D. Roosevelt president to regulate the economy. After Franklin D. Roosevelt got elected he started the New Deal. As part of the New Deal Franklin D. Roosevelt created the U.S. Securities and Exchange Commission and the Social Security Act. In 1934 Franklin D. Roosevelt passed the Securities Exchange act which created the U.S. Securities and Exchange Commission. The Securities and Exchange Commission’s main goal of it was to regulate the stock market and prevent corporate abuses relating to the offering and sale of securities and corporate reporting. The Securities and Exchange Commission helped companies whose securities traded on them, and the brokers and dealers who conducted the trading. The Securities and Exchange Commission specifically provided relief for the stock market to get it running again so america could regulate the economy. Also part of the New Deal in 1935, Franklin D. Roosevelt passed the Social Security Act which created the Social Security Administration. The Social Security Act was passed by congress as part of the Second New Deal. The act was an attempt to limit what were seen dangers in the modern American life, including old age, poverty, unemployment, and the burdens of widows and fatherless children. The act provided benefits to retirees and the unemployed, and a lump-sum benefit at death. To this day the U.S. Securities and Exchange Commission and Social Security Acts are still in effect. The U.S. Securities and Exchange Commission today is responsible for administering seven major laws that govern the securities industry. They are: the Securities Act of 1933, the securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company of 1940, the Investment Advisers Act of 1940, the Sarbanes-Oxley Act of 2002 and most recently the Credit Rating Agency Reform Act of 2006....
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