SAT Subject US History Practice Question 424: Answer and Explanation
45. The Federal Securities Act created which of the following in an effort to reform business and guard against another stock market crash?
A. The Agricultural Adjustment Administration
B. The Civilian Conservation Corps
C. The Federal Emergency Relief Administration
D. The Securities and Exchange Commission
E. The National Industrial Recovery Act
Correct Answer: D
The purpose of the Securities and Exchange Commission is to regulate companies that sell stocks and bonds.