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Wall StreetA History$
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Charles R. Geisst

Print publication date: 1999

Print ISBN-13: 9780195130867

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0195130863.001.0001

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Wall Street Meets the New Deal (1930–35)

Wall Street Meets the New Deal (1930–35)

Chapter:
(p.196) Chapter Seven Wall Street Meets the New Deal (1930–35)
Source:
Wall Street
Author(s):

Charles R. Geisst (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0195130863.003.0008

The reaction from Washington to Wall Street woes. Hoover calls Senate investigation into market practices, Roosevelt wins White House, short selling depresses market, F. Pecora becomes lead counsel for hearings. Wall Streeters give testimony. Congress passes banking and securities acts in 1933. Stock exchanges regulated in 1934 and SEC is created.

Keywords:   banking act, Great Depression, Herbert Hoover, investment banks, market practices, Pecora hearings, regulation, SEC, securities act, short selling

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