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The Great Depression
Beginning of paper
Though most Americans are aware of of 1929, which may
well be "the most serious problem facing our free enterprise economic
system,"( ) few know of the many Americans who lost their
homes, life savings and jobs. This paper briefly states the causes of the
depression and summarizes the vast problems Americans faced during the
eleven ....
Middle of paper
....ices that were needed or wanted. The installment plan stated that
people could buy products on credit and make monthly payments. The one
major problem with this idea was that people soon found out that they
couldn't afford to make the monthly payment(Drewry and O'connor 559).
In 1929 the stock market crashed. Many Americans purchased stocks be.... |
| Word count: 1686 |
Page count: 7 |
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