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 ...
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