What was the role of the US government in the banking industry at beginning of the Depression?

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04-05-2020
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What was the role of the US government in the banking industry at beginning of the Depression?

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waldengavanna waldengavanna · Answer 1 · 2020-05-04T16:36:27+02:00

waldengavanna waldengavanna

04-05-2020

The government passed laws to provide insurance on individual accounts. Individual banks were inspected and supervised by agents of the government. The government had little involvement with monitoring the health of banks.

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