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Sagot :
Final answer:
The US government initially had little involvement with monitoring banks at the start of the Great Depression but later implemented crucial programs like the FDIC and SEC to stabilize the economy.
Explanation:
The US government's role with the banking industry at the beginning of the Great Depression was limited initially.
However, after the crisis, the government took actions such as providing more deposit insurance, decreasing interest rates, facilitating mergers, and bailing out institutions to stabilize the economy.
Key programs like the creation of the Federal Deposit Insurance Corporation (FDIC) and the Security and Exchange Commission (SEC) were put in place to restore confidence in the banking system and regulate financial activities.
Learn more about Government's Role in Banking during the Great Depression here:
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