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The Great Depression
Beginning of essay
was the worst economical slump in U.S. history and one, which spread virtually all over the industrialized world.
The depression began in late 1929 and lasted for about a decade. Many factors played a role in bringing about the depression; however, the main cause for was the combination of wealth ....
Middle of essay .... This small profit wouldn't allow the farmers to purchase new machinery and because of this they couldn't produce goods quick enough.
A new plan was created called the installment plan. This plan was established because many Americans didn't have enough money to buy goods and services that were needed or wanted. The installment plan stated that people could buy products on credit and make monthly payments. The one major problem with this idea was that people soon found out that they couldn't.... |
Number of words: 891 |
Approximate pages: 4 |
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