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What was Franklin Roosevelt's first political position as a progressive reformer?
Deficit spending
What is the role of the Federal Reserve during economic downturns?
To adjust interest rates and control the money supply.
What significant act did Congress pass to regulate banks and secure deposits?
The Banking Act of 1933, which established the FDIC.
What program was created to provide jobs and support for artists and cultural projects during the Great Depression?
Federal Project Number One.
What was the purpose of the National Industrial Recovery Act (NIRA)?
To stimulate economic recovery by regulating industry and labor.