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The Roosevelt administration restructured the Reconstruction Finance Corporation (RFC), which also contributed to improving economic conditions. The "common man" was also helped by economic regulations such as the Securities Act of 1933, which curtailed the Wall Street malpractice that had contributed to the great crash of 1929. In early 1934 the country seemed to be on the road to recovery. The worst of the Depression was behind. Crowds cheered the president. Within months, however, the economy began to sputter, and by December unemployment had reached the levels of a year before. With the economic downturn and the president's luster a bit tarnished, an air of radicalism — on both the Right and Left — was becoming apparent.
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This section contains 124 words (approx. 1 page at 300 words per page) |
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