The Congress shall have Power ... To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.
b.) Denied powers
<u>Federal Deposit Insurance Corporation FDIC</u> was created in 1933 and it insures deposits in banks and thrift institutions. FDIC increased the confidence of the citizens who have their money invested in banks and thrift institutions.
<u>Securities and Exchange commission</u> was formed in 1934 to regulate securities market. It is a federal government agency that is responsible for protecting investors ensuring the fairness of securities market. SEC gives confidence to investors by protecting them from manipulative practices in the market.
<u>Social Security Administration</u> is an independent federal government agency that offers social security to citizens. Social security is a social insurance program that includes retirement, disability and survivor’s benefits.
<span>Charles I came to the throne in 1625 after the death of his father, James I. Like his father, he believed in the Divine Right of Kings. Although only parliament could pass laws and grant money for war, because they refused to do as he wished, Charles chose to rule without them.</span>
