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The economic policies of the federal government from 1921 to 1929 were not solely responsible for the nation's depression but had a large impact on it. For example, the federal government freely lent money to banks which in turned gave it to their customers.

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Q: The economic policies of the federal government from 1921 to 1929 were responsible for the nation's depression of the 1930's--assess the validity of this statement?
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