What 3 things did FDR come up with?
FDIC Federal Deposit Insurance Corporation – With over 9000 bank failures, this was vital to restore confidence in the banking system.
SEC - Securities & Exchange Commission – The illogical and casino atmosphere of the stock market was replaced by a more orderly system of reforms that led to a more disclosure & above-board practices
Glass Steagall Act (1933) - This new law made it illegal for banks to put depositor money at risk in the stock market. Essentially, it separated banking activities from stock market activities such as investment banking. This law was repealed in 1999 causing recent economic disaster.