Question

Use the quotation and your knowledge of social studies to answer the following question. “Finally, in our progress toward a resumption of work we require two safeguards against a return of the evils of the old order; there must be a strict supervision of all banking and credits and investments; there must be an end to speculation with other people’s money, and there must be provision for an adequate but sound currency.” —Franklin D. Roosevelt, First Inaugural Address. Which New Deal agency related most closely to what President Roosevelt was speaking about in this quotation?

Answer 1

A. Securities and Exchange Commission

B. Civilian Conservation Corps

C. Tennessee Valley Authority

D. Civil Works Administration

Answer 2

i think The Securities and Exchange Commission

Federal Securities Act - 27 May 1933
It required the Federal Government to register and approve all issues of stocks and bonds and issuers to make full disclosure all pertinent information about an issuing company.
On 6 June 1936, some of its duties were assumed by the Securities Exchange Act which created the Securities and Exchange Commission
It regulates exchanges and transactions involving securities.