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In Great Britain, these laws were referred to as the Coercive Acts. The acts took away Massachusetts' self-government and historic rights, triggering outrage and resistance in the Thirteen Colonies. They were key developments in the outbreak of the American Revolution in 1775.
â¢ The Securities Act of 1933 was passed by Congress following the Stock Market Crash of 1929 and during the ensuing Great Depression. The Securities Act of 1933 was legislated pursuant to the interstate commerce clause of the United States Constitution. The purpose of the Securities Act of 1933 is to aid the federal government in regulating business offerings. In essence, the Securities Act of 1933 was passed to re-instill consumer confidence and tighten regulations during the Great Depression.