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How did the US government take action to repair banking systems? by creating rules that regulated who could invest money by taking over the operation and management of banks by passing laws to protect
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29 votes
29 votes
How did the US government take action to repair banking systems?

by creating rules that regulated who could invest money
by taking over the operation and management of banks
by passing laws to protect investors and regulate trading
by establishing new taxes to help fund the operation of banks

User Xserrat
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1 Answer

6 votes
6 votes

Answer:

gave authority to develop a program of rehabilitation of our banking facilities. ... The new law allows the twelve Federal Reserve Banks to issue additional currency on good assets and thus the banks that reopen will be able to meet every legitimate call.

User Kaushik NP
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