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When Franklin D. Roosevelt became president in 1932, the nation was facing concentric crises: the immediate, house-on-fire disaster of rolling bank closures; the broader economic depression; and, beyond that, deeply entrenched problems that the depression had highlighted, including elderly poverty. Roosevelt’s first 100 days addressed the first two crises with historic directness. He reopened the banks and directly employed thousands of Americans through measures such as the Civilian Conservation Corps. Then, near the end of his first term, he signed the Social Security Act, which has reduced senior poverty and become one of the most popular federal programs in the United States.
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