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  • The Great Depression was a dramatic worldwide econamiccalamity
  • By 1932 US stocks were only worth 20% of what they were prior to the crisis
  • BANK
  • One year later almost half of all united states banks had failed 
  • In 1935 roughly seven hundred and fifty thousand farms had been lost to bankruptcy or distressed sales 
  • Countries debilitated by the debts they've accumulated to the world war one 
  • Dealt with severe depression and a sovereign debt crisis ultimately emerged
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