sentences:  Classical liberalism had been discredited during the 1929 crisis and its inability to come up with a suitable response to the Depression.The GPRF introduced a program of social reforms and laid the foundations of the French welfare state.It also enacted some nationalizations in strategic or/and Collaborationist-controlled economic sectors (including the 1946 founding of Électricité de France electricity company, the 1945 nationalization of the AGF insurance firm, the nationalization of the Crédit Lyonnais bank in 1945 and the Société Générale bank in 1946, as well as the nationalization of the car maker Renault, which had been accused of Collaborationism).