The Great Depression

The Great Depression

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  • Banks would freely loan money out to people. As they borrowed money they purchased goods on credit which brought a huge debt. Which soon brought on the stock market crash.
  • That´s when the president came up with an idea to help everyone get jobs, called the new deal.
  • Farm output went far beyond demand, and the falling prices of commodities measured how far.
  • I´ll take it!
  • To begin paying debts, liquidation started in 1931
  • This house is $20
  • The Dust Bowl began in 1931, for a decade farmers and farmland were ruined. And the industry was severely hurt
  • Under the Works Process Administration thousands of unemployed people went to work on public projects such as post offices, and armories
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