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The Great Depression: Effects and Solutions
The Great Depression was probably the most devastating economic catastrophe in US history. As the 1920s went on, many grave problems threatened the economy. Despite the fact that some people became rich, many others could barely scrape up an adequate living. Many important businesses struggled. Consumers were stuck with deep debts. As the 1930s approached, it was clear that the economy was faltering.
The superficial wealth of the late 1920s concealed weaknesses that would signal the beginning of the Great Depression. Many events hinted at the depression. Industries such as r…
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