The Securities Exchange Act of 1934 In 1929, the United States stock market crashed and lost $25 billion, which would be approximately $319 billion today. The Stock Market crash of 1929 was one cause of the American Great Depression of…
As explained in the previous section, many companies were initially irritated by the creation of the Securities Exchange Act of 1934, as it created a myriad of legal responsibilities and potential liabilities that impacted their business models. Companies came to…
Figure 14.1 Introduction (Credit: Sam Valadi/ flickr/ Attribution 2.0 Generic (CC BY 2.0)) Chapter Outline 14.1 Liability Under the Securities Act 14.2 The Framework of Securities Regulation
International law is primarily governed by customs, treaties, and organizations that influence how laws are understood, interpreted, and enforced around the world. Since there is not a central court to enforce international law, each country utilizes its own courts to…
In 1945, President Harry Truman stated, “When Kansas and Colorado have a quarrel over the water in the Arkansas River they don’t call out the National Guard in each state and go to war over it. They bring a suit…
Figure 13.1 Introduction (Credit: geralt/ pixabay/ Attribution 2.0 Generic (CC BY 2.0)) Chapter Outline 13.1 Introduction to International Law 13.2 Sources and Practice of International Law
The FTC was created in 1914 to address the problem of monopolies and trusts. Following the Civil War, a wave of consolidation and growth among companies triggered increased public debate. Through handshake agreements, issuance of stock, and pooling arrangements, companies…
The term “unfair trade practice” describes the use of deceptive, fraudulent, or unethical methods to gain business advantage or to cause injury to a consumer. Unfair trade practices are considered unlawful under the Consumer Protection Act. The purpose of the…
Figure 12.1 Introduction (Credit: Carol M. Highsmith collection/ wikimedia/ Attribution 2.0 Generic (CC BY 2.0)) Chapter Outline 12.1 Unfair Trade Practices 12.2 The Federal Trade Commission
Antitrust legislation was designed to prevent unfair restrictions on trade and to maintain equal opportunity for trade for businesses and consumers alike. Throughout the history of antitrust laws, legislation has become more comprehensive and structured to keep up with the…