The Federal Deposit Insurance Corporation (FDIC) was created in in 1933 and it was to protect bank depositors and ensure a level of trust in the American banking system, during the Great Depression.
The Exchange Commission (SEC) was created in 1934 and the goal was to to help investors feel comfortable to put money back into the stock market.
Both were important to create confidence in american people, and to create the possibility to get out of the Great Depression.
In 1788, in the 78th paper of “The Federalist, Alexander Hamilton argued for judicial review by an independent judiciary as a necessary means to void all governmental actions contrary to the Constitution. Marbury v. Madison 1803. Was an early Supreme Court case that affirmed the Court's power of judicial review by striking down a law made by Congress as unconstitutional. In his written opinion, Chief Justice John Marshall declared that “an act of the legislature repugnant to the Constitution is void.”
The first battle of Sacketts Harbor, July 19, 1812.
