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The first thing the New Deal did was to restore the public's confidence in the banking system. The Emergency Banking Act was passed which eliminated the weak banks and the Federal Reserve System issued loans to the well-managed banks to keep them economically sound. The Federal Emergency Relief Administration issued $500 million to the states so they could help set up projects to aid the poor and unemployed. Agencies like the CCC and WPA hired men and put many of the unemployed to work on various projects in the states and the nation. The overall attempt to stem the economic collapse by the New Deal was enacting of measures to relieve, recover, and reform the economy.

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