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Causes Of The Great Depression
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The main cause of the Great Depression was a lack of understanding of economic systems. The Great Depression began in 1929, during Republican President Hoover’s watch. Many try to blame the worsening of the Depression on Hoover, for his deviation from Republican economic ideology. However, almost all of Hoover's government action occurr .... Middle of paper
.... to balance the budget, resulting in a severe recession. The value of farmland falls 30-40 percent. Severe Declines in organized labor. Many workers lose their jobs as more advanced machinery makes them unnecessary.
The acute phase of the Great Depression began in October 1929, with the Wall Street Crash and continued through the early 1930s. After share prices plunged on Wall Street, US banks were forced to call in their foreign and domes ....
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Number of words: 393
Number of pages: 2 (approx. 250 words per double-spaced page)
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