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Causes Of The Great Depression
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Between the late 1890’s, after the panic of 1893, and the late 1920’s, the American people led good lives in which most prospered. In the 1920’s the problems that led to the Great Depression were dispersed over a time of maldistribution of wealth, and what was called a bull market. A bull market is a stock market that is based on speculati ....
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....gest reason for the growing gap between the rich and the working-class people was the sudden increase in manufacturing during the 1920’s. The people of the working class were significantly increasing their output, but their wages only increased slightly. For example, the average worker out put from 1923-1929 increased about 32%, but the average.... |
| Word count: 3103 |
Page count: 12 |
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