The text suggests that the New System began in the __________ but did not take its current form until the __________.

Question

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The text states that the New System began in the 1930s when the U.S. government created the “alphabet agencies” to regulate various industries. However, it did not take its current form until the 1970s when a wave of deregulation and globalization led to the emergence of multinational corporations and the dominance of finance.

The Text Suggests That the New System Began in the __________