The proclamation of 1763, which so inflamed colonists and would eventually weighed as one more element into the decission of the American Revolution was apparently justifiable from the English standpoint as to a means of limiting the wars with the Native American tribes through the decission of forbidding colonists to establish themselves in the lands they had fought for.
The years prior to 1929 were affluent and optimistic; there was a general belief that stock markets would continue to grow indefinitely, and speculation was rampant. Nevertheless, this was not the case, and a great economic crash occurred in October 29, 1929, also known as Black Tuesday. Billions of dollars were lost. It marked the beginning of the great economic downfall known as “The Great Depression”, that lasted until 1939.The president of the United States, Franklin D. Roosevelt, created multiple agencies and promoted public policies to address the problem of poverty and unemployment. To sum up, there was an initial era of total deregulation (the 20s), followed by a great economic depression, which led to interventionist policies and the final recovery of the American economy.
