The Great Depression of 1929 devastated the United States economy until the beginning of WWII. Part of the reason for the depression was the lack of banking regulations in the early 20th century.

In 2-3 paragraphs

1.) Describe what actions the Federal Reserve can take in order to prevent such a depression from happening again.

2.) In your opinion, could the United States experience another depression of this magnitude despite the actions of the Fed? Give a few recent examples to support your argument.