Question

Use the quotation and your knowledge of social studies to answer the following question. “Finally, in our progress toward a resumption of work we require two safeguards against a return of the evils of the old order; there must be a strict supervision of all banking and credits and investments; there must be an end to speculation with other people’s money, and there must be provision for an adequate but sound currency.” —Franklin D. Roosevelt, First Inaugural Address. Which New Deal agency related most closely to what President Roosevelt was speaking about in this quotation?

A. Securities and Exchange Commission B. Civilian Conservation Corps

C. Tennessee Valley Authority D. Civil Works Administration

Answer 1

Securities and Exchange Commission

Answer 2

The correct answer is A) Security and Exchange Commission.

The New Deal Agency related to what President Roosevelt was speaking about this quotation is the Security and Exchange Commission.

President Roosevelt is referring in his quotation to the strict supervision of banking, credit, and investment. To end to speculation and the provision for an adequate currency. That is why he created the Security and Exchange Commission, to protect investors, keep an eye on markets and maintain a healthy financial environment for the investment of money.