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  • Had such a ban been in place in 1929, he said, I am satisfied that not one-half of the banks that were closed nor of the factories or other plants that were closed would have been closed, and there would not be 8 million or 9 million people out of employment, nor would there have been over 20 million people who lost all they possessed, due to the manipulation on the stock exchanges.</p><p>He was
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