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I'm thinking about a possible TL and I need help with some ideas...

I know that a Cox/Roosevelt victory in 1920 is unlikely but for the sake of discussion let's say that James M. Cox is elected that year and is soon assassinated anytime say during 1921-1923, by some Anarchist (from the First Red Scare-era) and a young, black-haired, polio-free, Franklin Delano Roosevelt assumes the Presidency.

What would an FDR Administration look like in the 1920's? What would he do without the Great Depression? What would his economic policy be in the middle of the prosperous Roaring Twenties, in an economic atmosphere that was the opposite of the one he presided over in the OTL 1930's?

What would his foreign policy be without the threat of Fascism in Europe? Japan was not yet that much of a threat in that time. Would he go after Communism instead and all kinds of revolutionary movements, his predecessor was after all assassinated by an Anarchist in this scenario?

And what other possible policies and features would this Administration have?
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