The stock market crash of 1929 helped launch the United States and many other nations into the worst economic depression in history. The severity of the Great Depression called for federal government programs created by Franklin D. Roosevelt provided the framework for the welfare state that still serves as a basis for American public policy.
In the first years of Roosevelt’s term he worked hard to empower the federal branch. The New deal set the precedent for 20th century liberalism. Banking is a crucial aspect of capitalism and Roosevel
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