Regulatory reforms were implemented from "summary" of The Great Crash 1929 by John Kenneth Galbraith
In response to the financial chaos that followed the Crash of 1929, a series of regulatory reforms were introduced. These reforms aimed to address the issues that had contributed to the economic collapse and prevent such a disaster from happening again in the future. One of the key reforms was the establishment of the Securities and Exchange Commission (SEC) in 1934. The SEC was tasked with overseeing the securities industry and enforcing regulations to protect investors from fraud and manipulation. Another important reform was the Glass-Steagall Act of 1933, which aimed to separate commercial banking from investment banking activities. This ...
Similar Posts
Bailouts and rescue plans
During the height of the financial crisis in 2008, the government was faced with a daunting task: how to prevent the collapse o...
Market participants ignore warning signs during periods of irrational exuberance
Market participants during periods of irrational exuberance tend to overlook or rationalize warning signs that suggest the ongo...
Supply and demand are key determinants of market equilibrium
Supply and demand are essential factors in determining market equilibrium. The interaction between these two forces ultimately ...
Banks suffered financial strain
The calamity that overtook banks in the late 1920s was not just a localized problem. It was a symptom of a broader malaise that...
Financial regulations aim to protect investors and maintain stability
Financial regulations are put in place with the primary objective of safeguarding investors and ensuring the overall stability ...
Venture capital and private equity play a critical role in funding startups
Venture capital and private equity are essential sources of funding for startups. These forms of investment provide crucial cap...