Period+1+Great+Depression+Page

Now, it is nothing. Soon, it will make you weep.

=__**Alphabet Soup**__= 1934 -law governing the secondary trading of securities like stocks, bonds, and debentures in the United States. It also legislated requirements for disclosure of fair stock information. -Was reform -requires that there are regulars files of company information with the SEC on certain forms, and if something happens with the company (like a change of CEO, or in its assets), the SEC requires that the company issues another filing that reflects the changed conditions. The regular required filings make it so buyers are better able to assess the worth of the company, and buy and sell the stock according to that information. -SEC says that the President or the head of an Executive Branch agency may exempt companies from certain critical legal obligations, which include keeping accurate books, records, and accounts, and maintaining "a system of internal accounting controls sufficient" to ensure the propriety of financial transactions and the preparation of financial statements in compliance with "generally accepted accounting principles." -Lead to NASDAQ ( National Association of Securities Dealers Automated Quotation System), which (today) connects different brokers through a digital network.
 * (SEC)**
 * Securities and Exchange Commission**

This was a Recovery program it brought homeowners help on there homes. It extended there loans for 20 - 25 Years. It didnt allow people to Refinance there homes if they were worth less than $20,000. The lending ended in 1935 but the group did not regain its profits till 1951. and t
 * Home Owners' Loan Corporation**


 * FDIC:** Federal Deposit Insurance Corporation. Created by the Glass-Stagall act of 1933 and provides insurance for people's deposits up to $250,000. It still exists today at 8,195 banks


 * FERA**

Federal Emergency Relief Administration
 * First direct relief operation under the new deal
 * Headed by Harry Hopkins
 * It was similar to the unemployment relief efforts of the Reconstruction Finance Corporation, set up by Herbert Hoover.
 * Established as a result of the Federal Emergency Relief Act.
 * Put $500,000,000 into the state run relief projects
 * IT WORKED
 * RELIEF


 * FDIC**: Federal Deposit Insurance Corporation. Provides deposit insurance, which guarantees the safety of deposits in member banks. Also examines and supervises certain financial Institutions. (Relief)