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The Great Depression

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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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