IT was the worst of times when Franklin Delano Roosevelt assumed the presidency in March 1933. Following the ruinous stock market crash of late 1929, the bottom seemed to drop out of the American economy. By 1933, securities listed on the New York Stock Exchange had lost more than three-quarters of their 1929 value. Industrial production had fallen to half its 1929 level. Agricultural income had plummeted even more sharply. Piles of unmarketable wheat flanked railroad tracks across the plains states. Desperate Iowa farmers blockaded the approaches to Sioux City in the summer of 1932, assaulting vehicles that tried to breach the makeshift barricades of logs and spiked telephone poles.
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The rapid influx of immigrants made it difficult for local governments to provide basic services. Federal restrictions prevented voters from influencing government decisions at the local level
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Rockefeller and Andrew Carnegie use their money for the public good in a way that they embarked on huge, independent philanthropic efforts.
At the beginning of the 20th century, Carnegie and Rockefeller, who were the richest men in the nation, started massive, independent philanthropy initiatives. In the final decades of his life, each donated hundreds of millions of dollars. And each endowed a foundation that continues to be active in philanthropy.
Carnegie and Rockefeller focused on issues like health care, scientific research, and education in order to address the core causes of major global issues. They donated money to scientific advancement.
To learn more about Rockefeller and Andrew Carnegie here
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it's differrent with its incredible moderizations
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