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It seems that the public view of what constitutes as liberal beliefs versus what is thought to be conservative beliefs shifts in a similar way.
Laissez-faire ideas were considered liberal during the 1920s, but the coming of the Great Depression in 1929 altered the American view of liberalism. The American people began to view Hoover’s ideas of the ideal small government to be conservative, while Roosevelt’s progressive policies became the representation of liberalism. Therefore, it can be said that the Great Depression was a major contributing factor in changing the way in which American differentiated between liberalist and conservative beliefs...
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