Free market vs regulation Flashcards
What was the Federal Deposit Insurance Corporation? (FDIC)
The Federal Deposit Insurance Corporation (FDIC) was created after the Great Depression. The FDIC insures depositors’ money so that even if banks fail, the depositors won’t lose their deposits.
What is the Securities and Exchange Commission? (SEC)
The Securities and Exchange Commission (SEC) regulates the stock markets, ensures honest disclosure on all stock transactions, and fights insider trading. (Insider Trading is the trading of a company’s stocks or other securities by individuals with access to confidential or non-public information about the company.)
What was the 1970s ban on CFCs?
Chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs) and halons destroy the earth’s protective ozone layer, which shields the earth from harmful ultraviolet (UV-B) rays generated from the sun. CFCs and HCFCs also warm the lower atmosphere of the earth, changing global climate. The United States banned the usage of CFCS in the 1970s
What was the Federal Trade Commission Act?
Federal Trade Commission Act (FTCA), federal legislation that was adopted in the United States in 1914 to create the Federal Trade Commission (FTC) and to give the U.S. government a full complement of legal tools to use against anticompetitive, unfair, and deceptive practices in the marketplace.
What was the Clean Water Act?
Clean Water Act (CWA), also known as Federal Water Pollution Control Act Amendments of 1972, U.S. legislation enacted in 1972 to restore and maintain clean and healthy waters. The CWA was a response to increasing public concern for the environment and for the condition of the nation’s waters.
What are some regulations that are enforced by the FDA and USDA? (Food and Drug Administration) (United States Department of Agriculture)
The imposition of the necessity of engaging in the enumeration of the list of ingredients that are contents of a medicine or food.
What were the consequences of the FHA?
Among its many achievements, FHA modernized the American mortgage system, improved the quality of the nation’s housing stock, prevented millions of Americans from losing their homes, allowed millions more to purchase their first home, and financed the construction of millions of modestly priced rental units.
