THE PECORA HEARINGS

After the Stock Market crash in 1929, many people blamed Wall Street for the Great Depression. Once President Roosevelt took office, he promised to bring strict regulation to the market and have the government play a larger role in the nation’s financial system. This case examines the history of the financial market with a focus on the Pecora Hearings, which began in 1932, to uncover the true causes of the crash. How restrictive should new regulations really be and what role can/should the government play.