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The Securities Act of 1933

In: Who Governs?

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  • John H. Wood

    (Wake Forest University)

Abstract

The Great Depression of 1929–33 saw large losses in aggregate production, prices, income, and security values, which politicians and the press attributed to financial fraud arising from greed which called for the legal enforcement of transparency. Or were securities firms already transparent and well-behaved, the asset collapses having been caused by business losses? The New Deal was convinced of the former, but its legislative ambitions were modified by private interests, and its regulations have not been fully applied.

Suggested Citation

  • John H. Wood, 2020. "The Securities Act of 1933," Palgrave Studies in American Economic History, in: Who Governs?, chapter 0, pages 15-61, Palgrave Macmillan.
    • Handle: RePEc:pal:psichp:978-3-030-33083-5_2
    DOI: 10.1007/978-3-030-33083-5_2
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