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Question: Were the Securities Acts of 1933 and 1934 necessary?© BrainMass Inc. brainmass.com June 4, 2020, 1:32 am ad1c9bdddf
The Securities Act of 1933 and the Securities Exchange Act of 1934 were both definitely necessary.
The Securities Act of 1933 was the direct result of the 1929 stock market crash (the Great Depression). The law required that all securities being traded now be registered under the Securities Act, and was a means to help the government regulate businesses. The country was struggling to get out of the Depression, and this was a viable means to try to do so. When the stock market crashed, people were in an uproar as to "how" this could have happened. People began to immediately scream for legislation that would prevent the events that took place leading to the crash from happening again. The government had no choice ...
The expert discusses the securities act of 1933 and 1934. Whether these acts are necessary or not is given.