What significant legislation was passed in the U.S. in response to the Great Depression? 🔊
In response to the Great Depression, the U.S. government passed significant legislation, most notably the New Deal. Enacted by President Franklin D. Roosevelt in the 1930s, the New Deal comprised a series of programs and reforms designed to revive the economy and provide relief to those most affected by the economic crisis. Key initiatives included the Social Security Act, the establishment of the Public Works Administration, and the creation of the Securities and Exchange Commission (SEC). These efforts not only aimed to address immediate economic hardships but also sought to reform the financial system to prevent future depressions.
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