Essay heading: FDR: The New Deal

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American History

 

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Date added:

March 6, 2000

 

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8 / 2062

 

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Due to this, the stock market was uneasy and many began to lose confidence in it. Those with stocks tried to sell them, and no one was willing to buy. This ultimately led to the downfall of the stock market in 1929 (Gupta). Also, the economy at that time was not steady. National wealth was not distributed evenly...
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National wealth was not distributed evenly. Instead, most money was in the hands of a few families and businesses who saved or invested rather than spent their money on American goods. Supply became greater than demand on products. Certain people profited, but many others did not. As a result of this, prices went up and Americans could not spare the money for many goods...
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