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The Great Depression: An Economic Disaster In The US

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The Great Depression was an economic disaster in the U.S that caused many people to lose all their money and jobs. This economic slump lasted about 10 years from 1929 through 1939. It was set to be, “the longest and most severe depression ever experienced by the industrialized Western world” (P1, L2). And caused many other countries to suffer as well. The Great Depression begin when the stock market crashed in October 1929 and banks were not able to pay people back their money and life savings, which led to the whole economy suffering. In the following, “three years stock prices in United states continued to fall until late 1932 they had dropped to only about 20 percent of their value in 1929” (P2, L3). By 1933 about 11,000 U.S. banks had

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