Cause Of The Great Depression In The United States

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The Great Depression was an economic slump in 1929 and ended in 1939. It was the world 's longest and most severe depression ever experienced. The great depression ruined the economy for ten years. It affected families and workers. It was hard for the economy to get back to how it was. The Great Depression started in 1929. When Hoover took office in 1929, the the US economy seemed to be great. To attract the less-worthy investors, stock brokers encouraged a practice called buying on a margin. That allowed investors to buy a stock for only a fraction of its price and borrow the rest from brokerage. It wasn 't until October 23, 1929 when everything started to go downhill. On October 23, Dow Jones dropped 21 points in 1 hour. On October 28,

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