Franklin Roosevelt dominated the decade and more with a presidency that saw us through that war and brought us many of the Great Society programs we have today. Photo above: A workman on the construction crew of the Empire State Building. Right: Unemployed workers in Chicago in line at food kitchen run by Al Capone. Information Agency. Your banner or text ad can fill the space above.
Click here to Sponsor the page and how to reserve your ad. Check out this comprehensive guide to the best players, pitchers, and fielders in baseball history at the th Anniversary of the Major Leagues Now available in paperback and ebook from Amazon and other major retailers. President Franklin D.
Roosevelt, who served four terms as President. Courtesy National Archives. Enacted on June 6, the Act required the registration of stock exchanges. Securities and Exchange Commission was created pursuant to the Act. The Act formed the bedrock of the SEC's enforcement and regulatory powers. President Roosevelt appointed the first Commission of the U. Securities and Exchange Commission, and named Joseph P.
Kennedy as the agency's first Chairman. Kennedy had retired from a lucrative career on Wall Street and as a businessman, and was a major contributor to the Democratic Party.
Securities and Exchange Commission with the power to limit the size and organization of electricity, natural gas and other utility holding companies. PUHCA eliminated unfair practices by electricity and natural gas companies, including excessive rates, self-dealing and unreliable service.
The legislation also called upon the SEC to conduct a study of investment trusts. Other suits also challenged PUHCA, resulting in inconsistent and conflicting lower court opinions, and preventing the U. Securities and Exchange Commission from enforcing the Act. In , J.
Edward Jones filed a registration statement with the U. Securities and Exchange Commission. Before the statement went into effect, the SEC ordered Jones to show why a stop order should not be issued. Jones sought to withdraw the statement, which the SEC prohibited him from doing. Jones brought a suit challenging the constitutionality of the Securities Act of and the SEC's refusal to allow him to withdraw.
In Jones v. SEC , the U. Supreme Court ruled that the SEC must allow him to withdraw. Mississippi was the first state to issue industrial development bonds, in an effort to use state financing power to build up private industry. The Revenue Act, backed by investment management firms, accorded special tax treatment to open-ended mutual funds, which the legislation dubbed "mutual investment companies," making them more attractive to investors.
The SEC Office of the Chief Accountant announced that it would issue periodic publications of opinions on accounting principles, towards the development of uniform standards and practice in major accounting questions. Douglas, U. While the framers of the Securities Acts intended that such legislation would follow, Congress was unwilling to enact the incorporation bill.
The New York Stock Exchange reorganized its governance structure after the March 7 discovery that Richard Whitney, former president of the Exchange, had embezzled millions. Whitney pled guilty to grand larceny charges and was sentenced to Sing Sing Prison. Securities and Exchange Commission held hearings to investigate the extent to which Exchange members were aware of and failed to report Whitney's conduct. The Whitney scandal led to the creation of a full-time Exchange president and the replacement of floor traders and specialists with a body weighted to house brokers.
In SEC v. Electric Bond and Share , the U. Following the decision, utility companies began to register with the U. Securities and Exchange Commission, but refused to voluntarily divest and reorganize, requiring the SEC to litigate such cases.
Securities and Exchange Commission to assist federal courts in cases involving corporate reorganizations. The character was originally designed by Grim Natwick who would go on to become a lead animator in the production of other successful characters like Mickey Mouse, Felix the Cat, and Popeye. Betty Boop was believed to be modeled after several actresses that embodied the popular "Flapper" style of the Twenties, such as Helen Kane and Clara Bow. The character soon grew in popularity throughout the 's and has remained a beloved cultural staple.
Pluto is discovered during February of It was discovered by astronomer Clyde W. Tombaugh at the Lowell Observatory in Flagstaff, Arizona. It was originally thought to be the ninth planet of the solar system. The discovery was publicly announced a month later on the anniversary of the discovery of Uranus.
Tombaugh found Pluto by using a blink microscope to switch rapidly between sets of photographic plates to detect subtle changes and movements, a new technique at the time. In , the International Astronomical Union downgraded Pluto from a planet to a dwarf planet. It was the tallest building in the world at a height of 1, feet for about a year until the Empire State Building was completed in The Chrysler Building was built for Walter Chrysler and it functioned as the headquarters for the Chrysler Corporation until the s.
Since its completion it has become an iconic part of the New York City skyline as well as a prime example of the Art Deco architectural style.
Fire at Ohio State Penitentiary on April 21st kills inmates. US suffers worst ever drought causing hardship in farming community and leading to dust bowl years.
Technology Australia. For the first time anywhere in the world, a television drama is broadcast. Today In History Years and Decades. India -- mile march to the salt beds of Jalalpur Mahatma Gandhi and his followers begin a mile march to the salt beds of Jalalpur. More Information and Timeline for the Salt March 1.
This was the first of his acts of civil disobedience against British rule in India. Hundreds of others joined in as they stopped in each town along the way. They finished their journey on April 5th after traveling miles.
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