Which pair of economic situations faced both President Franklin D. Roosevelt and President Barack Obama during the first 100 days of their administrations?

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Piper Nelson

History

15 January, 05:33

Which pair of economic situations faced both President Franklin D. Roosevelt and President Barack Obama during the first 100 days of their administrations?

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Answers (1)

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Ruby Hicks · Answer 1

(See explanation below for further details)

Explanation:

Both presidents faced the upheaval of financial system associated with collapse of critical economic sector in the United States, which was related with artificially high prices for industrial assets at the beginning of Roosevelt's administration, whereas the case was related to the collapse of real estate market at the beginning of Obama's administration.