question archive Was the SEC successful in the New Deal?
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Was the SEC successful in the New Deal?
The SEC was successful in restoring confidence in the integrity of the stock market in the United States. The SEC during the New Deal was largely given the responsibility of attempting to restore the stock market as a useful means to exchange and raise capital (that is, the means to finance business and projects privately). The effort was gargantuan given the number of violations extant at the time, but the crackdown ultimately resulted in bringing order to the chaos that defined the stock market for a long period,