Which federal regulatory agency, created in 1934 as a direct response to the stock market crash of 1929, is responsible for rulemaking with respect to the stock market and corporate bookkeeping practices?

a. Federal Trade Commission (FTC)
b. Securities and Exchange Commission (SEC)
c. Federal Communications Commission (FCC)
d. Federal Reserve Board
e. U.S. Treasury

ANS: B

Political Science

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Marbury v. Madison (1803) was the Supreme Court decision that established ______.

a. judicial review over federal laws b. the U.S. District Court system c. the authority of U.S. Courts of Appeal d. the supremacy of U.S. laws over state laws

Political Science

In 1905, the Supreme Court legalized the use of power on the part of a state to regulate private property

Indicate whether the statement is true or false

Political Science