Which of the Following Is Not an Action Taken by Congress

question 47

Multiple Choice

Which of the following is not an action taken by Congress in the 1930s to prevent future financial crises?

• A) Passage of the Glass-Steagall Banking Act
• B) Formation of the SEC
• C) Formation of the FDIC
• D) Passage of the Federal Reserve Act

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Definitions:

World Trade Organization

An international organization designed to supervise and liberalize international trade by providing a framework for negotiating trade agreements.

North American Free Trade Act (NAFTA)

An agreement among the United States, Canada, and Mexico designed to remove tariff barriers and facilitate the cross-border movement of goods and services.

Tariffs

Tariffs are taxes imposed by a government on imported or exported goods, typically used to regulate trade, protect domestic industries, or generate revenue.

Manufacturers

Companies or individuals that produce finished goods from raw materials through the use of tools, human labor, and machinery.