9781422274101

Theodore Roosevelt speaks to a crowd in New York. As president, Roosevelt sought to regulate certain industries—including railroads, meatpackers, and steel companies—to ensure competition and protect the public.

sparking a sharp decline in US economic productivity. Within a year the entire world was affected by a global economic downturn known as the Great Depression. Businesses and factories were closed, and millions of people lost their jobs and could not find work. In 1933, newly elected President Franklin Roosevelt attempted to alleviate the effects of the Great Depression by implementing a series of programs that would stabilize the economy, create jobs, and provide assistance for

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Managing a Modern Economy