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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 t ....
Middle of essay
....that they
couldn'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 gre.... |
| Number of words: 1686 |
Approximate pages: 7 |
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