The Declaration of Independence.
Imposing of tariffs meant that European countries could not sell goods in the U.S., so they imposed their own tariffs, resulting in a decline of worldwide trade.
<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.
