DEPRESSION
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Great Depression The Great Depression was a disastrous business slump that affected millions of
people throughout the entire United States. It began in 1929 and continued on, to some degree, until
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Great Depression
The Great Depression was a disastrous business slump that affected millions of people throughout
the entire United States. It began in 1929 and continued on, to some degree, until 1939. People lost
their jobs, and families lost their homes. The country was in total chaos. Some believed that
America could never totally recover.
There were several factors that contributed to the start of the Great Depression. One of them was
the crash of the stock market. It was 1929, and Republican Herbert Hoover had just been recently
elected. During the previous few years, the stock market had been steadily rising, and everyone
wanted their piece of the profits. By this time, over 1.5 million people owned stock in various...
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