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welfare

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βˆ™ 6y ago
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βˆ™ 6mo ago

The New Deal laid the foundations for the modern welfare state, as it introduced initiatives such as Social Security and unemployment benefits. It also played a crucial role in the regulation of the banking and financial industries, with the establishment of the Federal Deposit Insurance Corporation and the Securities and Exchange Commission. Additionally, the New Deal invested heavily in public works projects, which helped to stimulate the economy and create jobs.

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Q: The New Deal laid the foundations for which of the following?
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