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Beginning of Paper
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The New Deal
During the 1930's, America witnessed a breakdown of the Democratic and
free enterprise system as the US fell into the worst depression in history. The
economic depression that beset the United States and other countries was unique
in its severity and its consequences. At the depth of the depression, in 1933,
o ....
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Middle of Paper
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.... Administration (NRA) was the keystone of the early new deal program
launched by Roosevelt. It was created in June 1933 under the terms of the
National Industrial Recovery Act. The NRA permitted businesses to draft "codes
of fair competition," with presidential approval, that regulated prices, wages,
working conditions, and credit terms. Businesses that complied with the codes
were exempted from antitrust laws, and workers were given the right to organize
unions and bargain collectively. After that, the government set up long-range
goals which included permanent recovery, and a reform ....
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SUBJECTS
