[Answer] 8. The primary body that oversees investing in the United States is the Security and Exchange Commission, or SEC. A stock market crash led to the creation of this body. Which crash was it?

Step 1 : Introduction to the question "8. The primary body that oversees investing in the United States is the Security and Exchange Commission, or SEC. A stock market crash led to the creation of this body. Which crash was it?"

...1. 1987 2. 1857 3. 1929 4. 1873 There have been stock crashes on multiple occasions, most recently in 1987, but it was the effects of the October 1929 crash that led to the creation of the SEC through the Securities Exchange Act of 1934. One of the realizations that came out of the crash was that there was almost no control and regulation of the market and the people that worked in it, so a series of acts were passed in the 1930s installing a control system. While there have been changes over the years, the core rules that companies and people must follow if they want to work in the investment industry or have their company offer stock and bonds to the public date from that period.

Step 2 : Answer to the question "8. The primary body that oversees investing in the United States is the Security and Exchange Commission, or SEC. A stock market crash led to the creation of this body. Which crash was it?"

1929:

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