You just watched a video in which President Obama announces his plan for financial regulatory reform.According to President Obama, what are the reasons for the financial crisis?
Irresponsible practices by financial institutions, high risk involved in newly created investments, and a lack of regulation within the system.
Which ideas did you include in your response? Check all that apply.
According to the president’s speech, what were some effects of the financial crisis? Check all that apply.
According to the video, how was the Banking Act of 1933 a reaction to the Great Depression?
It was passed in response to bank failures and losses during the Great Depression. The act protected consumers' deposits from risky bank investments by creating regulations and agencies to oversee financial institutions.
According to the video, what are the purposes of the Dodd-Frank Act? Check all that apply.to protect banks from abusive financial practicesto improve accountability for banksto end bailoutsto protect consumers from abusive financial practicesto allow for greater banking profits
Why was the Food Safety Modernization Act passed? Check all that apply.Many citizens are in danger of contracting a food-borne illness.More people are living with chronic illnesses.Our food is no longer imported from foreign countries.Pathogens are becoming stronger and harder to defeat.Food-borne illnesses are not seen as a health threat.
According to the video, which food safety regulations have been created by the passage of the Food Safety Modernization Act? Check all that apply.a provision of money for facilities to improve hygiene and prevent hazardsa requirement for farmers to prevent hazards when growing or harvesting foodsa requirement for facilities that produce food to monitor cooking temperatures to prevent hazards a rule that food needs to be monitored only after it has entered the United Statesa set of rules for importers to make sure that food is inspected before it is shipped
Think about the videos you have watched.Why is there a need for government regulation, and what limits need to be placed on these regulations?Give your answer in the form of a short paragraph.
Government regulation is needed to protect public safety and promote fairness and stability in the marketplace. However, regulations should be limited so they are reasonable, respect constitutional rights such as property rights, and do not unnecessarily restrict individuals or businesses.
Which ideas did you discuss in your response? Check all that apply.
Which ideas did you include in your response? Check all that apply.
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