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Most significantly, the administration established the Reconstruction Finance Corporation (RFC) with $2 billion to shore up overwhelmed banks, railroads, factories, and farmers.
The actions taken signified, for the first time, the U.S. government's willingness to assume responsibility for rescuing the economy by overt intervention in business affairs...
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government's willingness to assume responsibility for rescuing the economy by overt intervention in business affairs. Nevertheless, the Depression persisted throughout the nation.
A thirst for change
The electorate clamored for changes. The Republicans renominated Hoover, and the Democrats nominated Franklin D...
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