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... over 5,000 bank failures, and nothing but the Hooverville shanty towns.

And Herbert Hoover, the 31st President of the United States who witnessed this situation:

"Have the Senate Banking and Currency Committee organize the Pecora Commission. We need to identify the cause of the depression to create legislation that can prevent and resolve it."

It took a full three years before he finally ordered an investigation into the cause of the crisis.

Of course, public wor ...

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