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The Great Depression
Beginning of essay
Though most Americans are aware of of 1929, which may well
be "the most serious problem facing our free enterprise economic system,"(
) few know of the many Americans who lost their homes, life savings and
jobs. This paper briefly states the causes of the depression and summarizes the
vast probl ....
Middle of essay
....ldn't afford to make the
monthly payment(Drewry and O'connor 559).
In 1929 the stock market crashed. Many Americans purchased stocks because they
were certain of the economy. People started selling their stocks at a fast
pace; over sixteen million stocks were sold! Numerous stock prices dropped to
fraction of their value. Banks lost money from the stock market and from
Americans who couldn't pay back loans. Many factories lost money and went out
of business because of this great tragedy (D.... |
| Number of words: 1685 |
Approximate pages: 7 |
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