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Topic: American History
Number of pages / Number of words: 2 / 283
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back. This led to the failure of many banks. The New Deal reformed this by making margin buying stricter, so that banks and other institutions that offer loans would be protected. Also, due to the bank failure, banks became insured by the FDIC so that the people who had money in banks were guaranteed that it would stay safe...


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back. This led to the failure of many banks. The New Deal reformed this by making margin buying stricter, so that banks and other institutions that offer loans would be protected. Also, due to the bank failure, banks became insured by the FDIC so that the people who had money in banks were guaranteed that it would stay safe...


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