Step 1 : Introduction to the question "4. The Securities Act of 1933 was a direct result of which of the following?"
...1. The Great Depression 2. President Roosevelt's death 3. WWI 4. inflation Before the Great Depression of 1929, there was little regulation in the stock market. People were unable to access information about stocks and many invested their money based on emotions rather than performance. The Securities Act of 1933 was instituted to protect the public against misrepresentation, fraud and deceit, and to provide information to the public regarding performance history.
