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The Great Depression

 

             The Great Depression, which started with a stock market crash in 1929 and ended with.
             the US entry in World War II significantly helped shape the America that we know today. The.
             Great Depression increased the role of government and daily life, it modified the way the stock.
             market was run, and abolished the trust of the common person in business. The Great Depression.
             also brought about reforms to areas which would have not been given the opportunity to reform.
             themselves in the past. .
             During the time of the Great Depression, Franklin D. Roosevelt, who was not only the.
             president but also a very significant person during this era, passed many new bills and acts which.
             added to the government influence in every day life. One of these bills, the Social Security Act,.
             which was revolutionary at the time, still remains very important to US citizens today. This act,.
             the Social Security Act stated that a monthly payment would be given to former workers above a.
             set age. It is now deemed necessary by the majority of the United States citizens to support.
             themselves. The Public Utility Act, which unified the utility industries into a government.
             controlled corporation. It also increased efficiency in the utility industries which was beneficial.
             because US citizens now had a more organized utilities industry. The NRA also played an.
             important role during this era. A bill which was passed by the NRA, increased minimum wage.
             and lowered the maximum amount of hours a person could work during the week. In 1935, the.
             Wagner Act was also passed. This act restored the rights of workers to unionize and collectively.
             bargain. It was significant because it allowed workers to have more power and it also took power.
             away from big businesses. .
             The stock market also changed dramatically during this time. Another act passed by.
             Roosevelt was the Steatall Banking Act, which prohibited banks from investing savings deposits.


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