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Posted on 8 July 2012 | 3,132 views

Government Programs Created to Prevent Another 1929 Style Stock Market Crash

After the stock market crash of 1929, the government took several measures to prevent a similar crash from occurring.

The Securities and Exchange Commission (SEC) was created on October 1, 1934 to regulate stocks, bonds, and other commissions.

The Federal Deposit Insurance Corporation (FDIC) was also created to insure consumers’ deposits in FDIC-enrolled financial institutions.

The Federal Crop Insurance Corporation (FCIC) was created to insure crops planted by farmers.

These are a few of the government-created agencies that have been put in place to prevent another stock market crash of the magnitude of the stock market crash in 1929.

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