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The main contribution was the stock market crash of 1929 that made the United States fall into the Great Depression.
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At first, Taft taught at Yale University Law School until President Harding upgraded him to Chief Justice of U.S. Supreme Court.
It set the bicameral legislature we have today, with the higher house, the Senate, having equal representation from all states (as of now, two senators per state) and the lower house, the House of Representatives, being based on state population (as of now, 435 representatives).