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a government agency set up in 1932 under president hoover. its purposes were to give financial aid to the states and to loan money to banks, railroads, and other businesses. The agency continued to work under Roosevelts new deal. that's the definition

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a government agency set up in 1932 under president hoover. its purposes were to give financial aid to the states and to loan money to banks, railroads, and other businesses. The agency continued to work under Roosevelts new deal.