bank failuresover 9000 banks failed in the 1930’sEurope the government created the smoot hawley tariff 1930 to help protect american companies, raised u.s. teriff to historically high levelsimpact on economy and peopleproduced a downward spiral that negatively impacted every segment of the population.FDIC/CCCfederal agenceyfirst hundred daysthe ccc provided jobs for 2.5 million americans in forest and conservation programslasting effectsthe stockholders lost billions of dollars.
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