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President elect Ronald Reagan (fifth from left) meets with his top economic advisers, including Milton Friedman (second from left) to discuss his economic agenda. Bettmann/Bettmann Archive hide caption

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Bettmann/Bettmann Archive

For decades, the New Deal shaped America's economic system, until Neoliberalism came along and eventually eclipsed the old system with one we still live with today. Martin Bernetti/AFP via Getty Images hide caption

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Martin Bernetti/AFP via Getty Images