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The New Deal implemented by President Franklin D. Roosevelt in the 1930s aimed to stabilize the economy through a series of programs and reforms that addressed the aftermath of the Great Depression. It established financial regulations, such as the Federal Deposit Insurance Corporation (FDIC), which restored public confidence in the banking system. Additionally, job creation programs like the Works Progress Administration (WPA) provided employment and stimulated demand, helping to reduce unemployment rates. Overall, these measures contributed to a more resilient economic framework and laid the groundwork for long-term recovery.

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2w ago

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