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American History


Written by:

William H


Date added:

September 24, 2013








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2 / 295


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The cause of the depression was the stock market crash of 1929 known to investors as Black Tuesday. Black Tuesday is said to be the most shocking financial event in the history of the united states. Not only did the stock market prices drop drastically but the business world was brought down with it...
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Inflation also rose because of the crash. The crash that occurred on October of 1929 caused Americans to lose Thirty billion dollars,and the American dollar value was 90% less than it was prior to October of 1929. Wholesale and retail food prices dropped 40% and farm prices dropped over 60%. About four million families were left unemployed and on relief support only receiving fifteen dollars a month...
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