IDEAS home Printed from https://ideas.repec.org/h/spr/conchp/978-3-032-07788-2_10.html
   My bibliography  Save this book chapter

The Roaring Years, the Great Depression, and the New Deal (Early 20th Centuries)

Author

Listed:
  • Mehmet Baha Karan

    (Hacettepe University)

Abstract

The New York Stock Exchange (NYSE) underwent significant changes between World War I and 1971. In the 1920s, speculation in industry and markets led to rapid growth. This came to an end in 1929, triggering the Great Depression. The US government decided to rebuild confidence in capital markets by enacting the New Deal, which established regulatory agencies. The Securities Act of 1933 and the Securities Exchange Act of 1934 were significant changes that led to the creation of the Securities and Exchange Commission (SEC). The SEC’s job is to regulate trading practices, ensure transparency, and prevent fraud. These reforms reduced the excesses of previous speculation, making the financial environment more accessible and stable. As technology advanced and more people from the middle class began investing, the NYSE helped fuel economic growth after World War II, providing funding for the war effort. By 1971, the NYSE had become a more transparent, regulated, and inclusive way to promote economic growth in the United States.

Suggested Citation

  • Mehmet Baha Karan, 2025. "The Roaring Years, the Great Depression, and the New Deal (Early 20th Centuries)," Contributions to Economics,, Springer.
    • Handle: RePEc:spr:conchp:978-3-032-07788-2_10
    DOI: 10.1007/978-3-032-07788-2_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:conchp:978-3-032-07788-2_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.