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How did we have a mixed economy in the 1920s? And if capitalism was regulated in the 1920s, it obviously was not regulated enough. Things like FDIC and the SEC were created after the stock market collapsed and the nation had a banking crisis- not before. Since these things were put in place we haven’t had a 1929-style stock market collapse or a 1932-style banking crisis in this country.And before the New Deal this country had no social welfare system apart from charity. We did not have social security or unemployment insurance before 1933 so the recession that started in 1929 was able to become the Great Depression by 1932.
How did we have a mixed economy in the 1920s?
And if capitalism was regulated in the 1920s, it obviously was not regulated enough. Things like FDIC and the SEC were created after the stock market collapsed and the nation had a banking crisis- not before. Since these things were put in place we haven’t had a 1929-style stock market collapse or a 1932-style banking crisis in this country.
And before the New Deal this country had no social welfare system apart from charity. We did not have social security or unemployment insurance before 1933 so the recession that started in 1929 was able to become the Great Depression by 1932.
