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The federal government established new regulations governing banks and set up the FDIC to protect the savings of depositors if a bank should fail A vast array of public works and jobs programs were started up. The social security system was set up to force people to save for retirement and provide payments for people who became disabled. Although I do not think it was really planned as a way to end the depression, what finally ended it was the lend-lease program that poured huge amounts of federal money into defense spending, coupled with the drafting of 500,000 men into the army,opening up jobs for everybody.

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Jude Beatty

Lvl 10
4y ago

What else can I help you with?