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

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asked Jan 5, 2021 121k views

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Kabua · Answer 1 · 2021-01-12T07:03:45+0000

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.

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

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