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02-05-2020
History

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What was the economic impact of the Great Depression on America?

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02-05-2020

The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25% and homelessness increased. 2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.

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