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Causes Of The Great Depression

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The Great Depression was a calamitous, devastating time period. Stock prices dropped, banks were strained, unemployment rates rose, and confidence was lost. This time period is where many people struggled and families suffered all due to the crash in stock-market prices in 1929. Those with stocks, such as banks or other financial institutions, were affected severely. As a result of bank failure and nationwide loss confidence came reduced levels of spending, this exasperated the downward spiral even more. By 1932 the unemployment rate had risen to between twelve and fifteen million workers, which would be equivalent to twenty-five to thirty percent of the workforce at the time.
The Great Depression then spread all over the world going from

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