Скачать или смотреть New Deal Economic Reforms

The New Deal's reform component marked a departure from laissez-faire economics toward active governmental intervention to correct market failures and foster economic stability, addressing the systemic flaws that led to the Great Depression. The Reciprocal Tariff Act of 1934, orchestrated by Cordell Hull under President Roosevelt, empowered the President to negotiate bilateral trade agreements, aiming to create a more open international trade environment and counteract protectionist measures like the 1930 Smoot-Hawley Act. In Puerto Rico, the Puerto Rico Reconstruction Administration led initiatives in land reform, agricultural diversity, and industrialization to revitalize the local economy, laying the groundwork for a more resilient and equitable economic system.


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