The Securities & Exchange Commission: Definition, History & Purpose


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question 1 of 3

How did the stock market crash of 1929 affect the creation of the Security and Exchange Commission?

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1. In what year was the Securities and Exchange Commission created?

2. The main goal of the SEC is _____.

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About This Quiz & Worksheet

This quiz and worksheet will help gauge your understanding of the SEC. You will be assessed on the reasons why it was created and the functions of the Securities and Exchange Commission.

Quiz & Worksheet Goals

Use these assessment tools to assess your knowledge of:

  • What the Securities and Exchange Commission is
  • When the SEC was created
  • Why it was created
  • The Financial Accounting Standards Board
  • The Public Company Accounting Oversight Board

Skills Practiced

This worksheet and quiz let you practice the following skills:

  • Making connections - use your understanding of what was occurring during the late 1920s and early 1930s to discuss the creation of the SEC
  • Critical thinking - apply what you have learned about the financial state during this period in America to examine the SEC in a different light
  • Knowledge application - use your knowledge of the SEC to answer questions about organizations formed through the SEC
  • Information recall - access the knowledge you've gained regarding the Securities and Exchange Commission

Additional Learning

To learn more about the Securities and Exchange Commission, review the lesson on the Purpose and History of the SEC. The lesson has the following objectives:

  • Define what the SEC is and what it does
  • Recognize some organizations formed by the SEC
  • Explore the importance of the stock market crash in 1929
  • Understand specifics about the SEC, such as the Generally Accepted Accounting Principles