Franklin Delano Roosevelt was elected president in 1932. He immediately embarked on an ambitious plan to get the country out of the Great Depression. His signature domestic legislation, the New Deal, expanded the role of the federal government in the nation’s economy in an effort to address the challenges of the Great Depression.
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investment in riskier activities
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The literature on the consequences of the Reformation shows a variety of short- and long-run effects, including Protestant-Catholic differences in human capital, economic development, competition in media markets, political economy, and anti-Semitism, among others.
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